The Harmonized System (HS) is an international standard for classifying products traded globally. Each product is assigned a unique HS code, which allows for standardized identification and tracking of goods during international trade. In this article, we will explore the HS Code 99126105 and its implications for MA goods in subheading 6104.63.10, 6104.63.15, or 6104.63.20, which are subject to Note 18 TRQ.
Product Description:
HS Code 99126105 refers to MA goods falling under subheading 6104.63.10, 6104.63.15, or 6104.63.20. These goods are specifically mentioned in Note 18 TRQ, which stands for Tariff Rate Quota. Tariff Rate Quotas are measures implemented by countries to regulate the importation of certain goods within specified quantities, often with different duty rates applied depending on the quantity imported.
Bound / MFN Duty Rate:
When a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. In the case of HS Code 99126105, the Bound / MFN (Most Favored Nation) duty rate is not specified. It is important for importers and exporters to consult the relevant customs authorities to determine the applicable duty rate for MA goods in subheading 6104.63.10, 6104.63.15, or 6104.63.20 subject to Note 18 TRQ.
Quantity Unit:
The quantity unit for HS Code 99126105 is not available (NA). This means that the specific unit of measurement for the quantity of goods covered by this HS code is not specified. Importers and exporters should refer to the relevant trade documentation or consult customs authorities for further details regarding the quantity unit for MA goods in subheading 6104.63.10, 6104.63.15, or 6104.63.20 subject to Note 18 TRQ.
Special Tariff Preference Programs:
MA goods in subheading 6104.63.10, 6104.63.15, or 6104.63.20 subject to Note 18 TRQ are eligible for a special tariff preference program known as Free (MA). This program is specific to Morocco and provides a preferential tariff rate for goods imported from or exported to Morocco. Importers and exporters should take advantage of this special tariff preference program to benefit from reduced duty rates and enhance trade relations with Morocco.
Importing US States:
HS Code 99126105 applies to goods imported into the United States. Importers in all states of the US can utilize this HS code to classify and track MA goods in subheading 6104.63.10, 6104.63.15, or 6104.63.20 subject to Note 18 TRQ. However, it is important to note that specific regulations and requirements may vary from state to state, so importers should consult the customs authorities of the respective states for any additional guidance.
Exporting US States:
HS Code 99126105 also applies to goods exported from the United States. Exporters in all states can use this HS code to properly classify and document their shipments of MA goods in subheading 6104.63.10, 6104.63.15, or 6104.63.20 subject to Note 18 TRQ. Exporters should ensure compliance with export regulations and any additional requirements specific to the destination country where the goods will be imported.
HS Code 99126105 is a crucial identifier for MA goods falling under subheading 6104.63.10, 6104.63.15, or 6104.63.20 subject to Note 18 TRQ. Importers and exporters must understand the relevant duty rates, quantity units, and special tariff preference programs associated with this HS code to navigate international trade successfully. By adhering to the regulations and utilizing the benefits of special programs such as Free (MA), businesses can optimize their import and export activities related to HS Code 99126105 and strengthen their trade relationships.