When it comes to international trade, there are various codes and regulations in place to ensure smooth and fair transactions. One such code is the HS Code, which stands for Harmonized System Code. These codes are used to classify and identify goods for customs purposes. In this article, we will focus on HS Code 99121750 and the specific product description and information associated with it.
HS Code 99121750 refers to MA goods in subheading 1806.20.73, 1806.20.77, 2101.12.38, and similar cocoa products. These goods are subject to Note 12 (c) TRQ, which stands for Tariff Rate Quotas. TRQs are specific import quotas set by countries to regulate the quantity of certain goods that can be imported at a reduced or zero tariff rate.
It is important to note that the bound/MFN (Most Favored Nation) duty rate applies to HS Code 99121750. The MFN principle states that every time 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 non-discriminatory trade practices.
The quantity unit for HS Code 99121750 is not available (NA). This means that the specific unit of measurement for this code is not specified or relevant in this context.
For importers and exporters dealing with HS Code 99121750, there are special tariff preference programs in place. In the case of MA goods in subheading 1806.20.73, 1806.20.77, 2101.12.38, and similar cocoa products, the special rate is 30.5 cents/kg + 8.5% for Morocco (MA). This special rate is applicable for imports and exports between the United States and Morocco.
It is worth mentioning that the HS Code 99121750 is used for importing goods into the United States. The exporting US states can vary depending on the specific goods and their origin. However, the HS Code remains the same regardless of the exporting US state.
HS Code 99121750 is specific to MA goods in subheading 1806.20.73, 1806.20.77, 2101.12.38, and similar cocoa products subject to Note 12 (c) TRQ. This code is used to classify and identify these goods for customs purposes. Understanding the HS Code and its associated information is crucial for importers, exporters, and customs officials to ensure compliant and efficient international trade.