HS Code 99121725 refers to a specific classification code used in international trade to identify a particular product. In this case, it is used to categorize MA goods that fall under subheadings 1702.20.28 or 1702.30.28, and are subject to note 12 (c) TRQ.
When importing or exporting goods, it is essential to have a clear understanding of the HS code assigned to the product. This code helps to identify the product and determine the applicable customs duties, regulations, and special tariff preference programs.
The "MA goods" mentioned in the HS code description refer to goods originating from Morocco. The subheadings 1702.20.28 and 1702.30.28 further specify the type or category of goods being traded. Note 12 (c) TRQ indicates that these goods are subject to a specific trade policy measure related to tariff rate quotas.
One crucial aspect to consider when dealing with HS codes is the bound or the most favored nation (MFN) duty rate. This refers to the rate at which customs duties are levied on the imported goods. The principle behind the MFN duty rate is that when a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This ensures fair and equitable treatment for all countries involved in international trade.
Unfortunately, the specific bound or MFN duty rate for HS Code 99121725 is not available in the provided data. It is essential to consult the relevant customs authorities or trade databases to obtain accurate information on the duty rates applicable to this HS code.
Additionally, special tariff preference programs can affect the importation of goods classified under HS Code 99121725. The data mentions a specific program that entails a tariff rate of 16.9 cents per kilogram of total sugars, plus an additional 5.1%. This tariff rate is specific to Morocco, indicating a preferential treatment for goods originating from that country.
It is worth noting that the quantity unit for HS Code 99121725 is not available in the provided data (NA). The quantity unit is crucial for determining the volume or weight of goods being imported or exported, and it helps in calculating customs duties and other trade-related parameters.
HS Code 99121725 is used to classify MA goods falling under subheadings 1702.20.28 or 1702.30.28, subject to note 12 (c) TRQ. Understanding this HS code is essential for importers, exporters, and customs authorities to ensure compliance with customs regulations, determine duty rates, and take advantage of any special tariff preference programs available.
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