When it comes to international trade, the classification of goods plays a crucial role. The Harmonized System (HS) Code is a standardized numerical representation of products, allowing for easy identification and classification. In this article, we will delve into the details of HS Code 99126146 and explore its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 99126146 refers to MA goods falling under subheading 6110.12.10, specifically mentioned above note 26 TRQ. The subheading 6110.12.10 relates to men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches, and shorts made from synthetic fibers.
This code provides a clear and concise identification of the specific type of goods being traded, ensuring accuracy and consistency in international transactions.
Every time 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. This principle is known as the Most Favored Nation (MFN) treatment. The bound duty rate represents the maximum tariff that can be imposed on imports of a specific product.
Unfortunately, the specific bound or MFN duty rate for HS Code 99126146 is not available in the provided data. However, it is important to note that duty rates can vary depending on the country and its trade policies.
In the case of HS Code 99126146, the quantity unit is not available (NA). This means that the data does not provide information on how the goods are measured or quantified for import or export purposes.
Special tariff preference programs aim to promote trade between specific countries or regions by granting tariff concessions or preferential rates. In the case of HS Code 99126146, there is a special rate of 0.8% for the country mentioned as "MA," which stands for Morocco.
This special tariff preference program allows for a reduced tariff rate on the importation of MA goods falling under the specified HS code. It encourages trade between the exporting country and Morocco, providing economic benefits for both parties.
While the provided data does not specify the importing and exporting US states for HS Code 99126146, it is important to note that international trade involves various states within a country. Different states may have different import and export requirements, regulations, and procedures.
Depending on the specific HS code and the nature of the goods being traded, certain states may have additional regulations or restrictions in place. It is crucial for traders to understand and comply with the requirements of both the importing and exporting states to ensure smooth and legal international trade transactions.
HS Code 99126146 represents MA goods falling under subheading 6110.12.10 above note 26 TRQ. While the duty rate and quantity unit are not available in the provided data, the code enjoys a special tariff preference program with a rate of 0.8% for Morocco. Understanding the intricacies of HS codes is essential for international traders to ensure proper classification, accurate documentation, and compliance with trade regulations.