HS Code 99126202 refers to a specific product category in subheading 6201.92.15, known as MA goods, with a note 32 TRQ. In this article, we will explore this HS code in detail, including its product description, bound/MFN duty rate, quantity unit, and any special tariff preference programs associated with it. Let's dive in!
MA goods in subheading 6201.92.15 above note 32 TRQ fall under HS Code 99126202. While the specific details of the product description may vary, the code provides a standardized classification for international trade. It is essential for customs authorities, importers, and exporters to accurately identify and classify goods to facilitate trade and enforce trade regulations.
The bound/MFN (Most Favored Nation) duty rate is an important aspect of international trade. It ensures that 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. The bound/MFN duty rate associated with HS Code 99126202 determines the rate at which these goods are subject to import duties.
The quantity unit for HS Code 99126202 is not available (NA). This indicates that the specific unit of measurement for the goods classified under this code may vary depending on the nature of the product. It is crucial for importers and exporters to accurately determine the quantity and provide relevant documentation for customs clearance.
In the case of HS Code 99126202, there is a special tariff preference program associated with it. The specific program provides a tariff rate of 1.2% for goods imported under this HS code. In this case, the special tariff preference program is applicable to goods imported from Morocco, known as the Morocco Special Rate.
While the data provided does not mention specific importing and exporting US states for HS Code 99126202, it is essential to consider the potential impact of this code on the states involved in trade. Different states within the US may have varying levels of import and export activities related to goods falling under this HS code. It is crucial for businesses and policymakers to analyze the regional trade dynamics and leverage opportunities accordingly.
HS Code 99126202 plays a vital role in international trade, facilitating the classification and regulation of MA goods in subheading 6201.92.15 above note 32 TRQ. Understanding the product description, bound/MFN duty rate, quantity unit, and any special tariff preference programs associated with this HS code is crucial for importers, exporters, and customs authorities. By adhering to these regulations and accurately classifying goods, international trade can be conducted smoothly and efficiently.