When it comes to international trade, the Harmonized System (HS) plays a crucial role in categorizing products and ensuring smooth transactions between countries. Each product is assigned a unique HS code to classify it based on its characteristics and intended use. In this article, we will delve into the details of HS Code 99126253, which covers MA goods in subheading 6204.59.10 above note 45 TRQ.
The HS Code 99126253 specifically refers to goods falling under the subheading 6204.59.10, with the additional requirement of being above note 45 TRQ. Let's explore what this means and how it impacts international trade.
Product Description: Goods classified under subheading 6204.59.10 are related to clothing items, specifically women's or girls' suits, ensembles, jackets, blazers, or dresses. These products are designed to be worn for formal or semi-formal occasions, providing both style and elegance.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate is an important aspect of international trade. It refers to the rate at which a country imposes tariffs or customs duties on imported goods. The principle of MFN treatment ensures that any trade barrier or market opening measures taken by a country must be applied equally to all its trading partners for the same goods or services. In the case of HS Code 99126253, the specific bound / MFN duty rate may vary depending on the country of import.
Quantity Unit: The quantity unit for HS Code 99126253 is not available (NA). This means that the unit of measurement for the goods falling under this HS code is not specified or may vary based on the specific product being imported or exported.
Special Tariff Preference Programs: In some cases, countries may offer special tariff preferences or programs to certain trading partners or for specific goods. These programs aim to promote trade and economic cooperation between countries. For HS Code 99126253, there is a special tariff preference of 2.2% available for goods imported from Morocco. This preferential rate encourages trade between the countries and provides an advantage for Moroccan exporters.
Importing US States: HS Code 99126253 applies to goods imported into the United States. As a diverse country with various trade partners, the United States receives imports from numerous countries across the globe. Whether it is clothing, electronics, or agricultural products, the HS code system helps streamline the import process and ensures accurate classification of goods for customs purposes.
Exporting US States: When it comes to exporting goods from the United States, HS Code 99126253 may not be directly applicable. As this HS code refers to specific goods imported into the United States, the exporting US states would vary depending on the nature of the product being exported. However, the HS code system is equally important for exporters as it helps determine the correct classification of goods and facilitates international trade.
HS Code 99126253 covers MA goods in subheading 6204.59.10 above note 45 TRQ. This HS code is relevant for the classification and import of women's or girls' formal clothing items. The bound / MFN duty rate, quantity unit, and special tariff preference programs may vary depending on the specific country of import. Understanding and correctly applying the HS code system is vital for efficient international trade and ensuring compliance with customs regulations.