The HS Code 99122118 refers to a specific category of goods known as MA Other Goods in Subheading 2103.20.40. This particular HS code is used to classify and identify these goods in international trade. Understanding the HS code system is crucial for businesses and governments as it facilitates harmonized trade and enables effective tracking and monitoring of various products.
MA Other Goods in Subheading 2103.20.40 are goods that fall under subheading 2103.20.40 of the Harmonized System (HS). The HS is an internationally recognized system for classifying goods based on a hierarchical structure. It was developed and is maintained by the World Customs Organization (WCO) to standardize the classification of goods for customs purposes.
The subheading 2103.20.40 specifically refers to MA goods that have a minimum price of 37.6 ?/kg or higher. This subheading provides further classification and specificity within the broader category of MA Other Goods. It helps identify and differentiate these goods from similar products falling under different subheadings.
MA Other Goods in Subheading 2103.20.40 can encompass a wide range of products, each with its own specific characteristics and attributes. Some examples of goods that may fall under this HS code include processed food products, beverages, or other consumable items. It is important to note that the specific products included within this HS code can vary depending on the country and its customs regulations.
Businesses involved in international trade need to accurately determine the HS code for their goods to ensure compliance with customs requirements. Misclassification or incorrect declaration of HS codes can lead to delays in customs clearance, penalties, or even legal consequences. Therefore, it is essential for importers and exporters to have a clear understanding of the HS code system and seek professional advice when needed.
The HS code 99122118 can also be referred to as the "HS Code for MA Other Goods in Subheading 2103.20.40." The code is a unique identifier that allows customs authorities, logistics providers, and other stakeholders to quickly and accurately categorize and process goods during international trade transactions.
the HS Code 99122118 refers to MA Other Goods in Subheading 2103.20.40. This HS code is a crucial element in international trade, facilitating the classification and identification of specific goods. Understanding and correctly applying the HS code system is essential for businesses engaged in cross-border trade to ensure compliance and smooth customs clearance processes.