The HS Code 99126217 refers to MA goods in subheading 6203.31.50 or 6203.31.90, which are subject to note 36 TRQ. In this article, we will explore the product description, the bound/MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code.
MA goods in subheading 6203.31.50 or 6203.31.90 are the specific goods that fall under the HS Code 99126217. The subheadings 6203.31.50 and 6203.31.90 indicate the classification of these goods, which are subject to note 36 TRQ. The product description provides a clear identification and categorization of the goods for international trade purposes.
The bound or MFN (Most Favored Nation) duty rate is a key aspect of international trade agreements. It refers to the rate at which a country applies import duties or tariffs on specific goods. The principle of MFN treatment 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.
For the HS Code 99126217, the bound/MFN duty rate may vary depending on the specific country and its trade agreements. It is important for importers and exporters to be aware of the duty rates applicable to their goods in order to accurately calculate costs and plan their international trade activities.
The quantity unit for the goods under HS Code 99126217 is not available (NA). This means that the specific goods classified under this HS code do not have a standard unit of measurement for quantity. The absence of a quantity unit indicates that the goods may be traded based on other factors such as value, weight, or volume.
Under special tariff preference programs, certain goods may be eligible for preferential treatment in terms of customs duties or tariffs. These programs aim to promote trade and economic cooperation between countries.
For the HS Code 99126217, the goods are eligible for a special tariff preference program in Morocco. The specific details of this program are described as "Free (MA)" which stands for "Morocco Special Rate." This indicates that importers or exporters dealing with the specified goods and trading with Morocco may benefit from a preferential tariff rate or exemption.
The HS Code 99126217 applies to goods being imported or exported by the United States. However, it does not provide specific information about the importing or exporting US states. To determine the exact states involved in the trade, additional data or information is required.
Understanding the HS Code 99126217 and its associated details is essential for businesses engaged in international trade, importers, exporters, and policymakers. It allows for accurate classification, assessment of duty rates, and identification of preferential treatment programs, contributing to smooth and efficient trade transactions.