When it comes to international trade, the Harmonized System (HS) Code is an essential tool for categorizing and identifying goods. Each HS Code represents a specific product or commodity, making it easier for countries to track imports and exports. In this article, we will discuss the HS Code 99126229 and provide valuable information about its product description, duty rates, quantity unit, and special tariff preference programs.
The HS Code 99126229 refers to a specific type of goods falling under subheading 6203.43.30. This subheading is classified as "MA goods" with a note 39 TRQ. While the exact product is not specified, it is important to note that the HS Code provides a standardized way of categorizing products, ensuring consistency in international trade.
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. This principle, known as the Most-Favored-Nation (MFN) principle, ensures fair and non-discriminatory treatment in international trade. The duty rate for HS Code 99126229 may vary depending on the country and its trade agreements.
Unfortunately, the quantity unit for HS Code 99126229 is not available (NA). The absence of a specified quantity unit suggests that the product may be measured and priced differently, depending on its specific attributes or characteristics.
In some cases, certain products may qualify for special tariff preference programs, offering reduced duty rates or exemptions. For HS Code 99126229, the special tariff preference program is as follows: 9.9 cents/kg + 3.9% (MA).
The abbreviation "MA" stands for Morocco, indicating that the special rate applies specifically to imports and exports between Morocco and the relevant trading partners. It is crucial for businesses engaging in international trade to be aware of such special programs to leverage potential cost savings and market advantages.
While specific information regarding the importing and exporting US states for HS Code 99126229 is not provided, it is essential to note that the HS Code is universally recognized and used by all countries. Therefore, the HS Code serves as a common language for international trade, facilitating smooth communication and accurate classification of goods between trading partners.
HS Code 99126229 represents a specific category of goods falling under subheading 6203.43.30. Despite the limited information available regarding its product description and quantity unit, the HS Code ensures standardized classification and identification of goods. It is crucial for businesses involved in international trade to understand the duty rates, special tariff preference programs, and the significance of the HS Code for smooth and efficient trade operations.