HS Code 99126254 refers to a specific product description for MA goods in subheading 6204.59.20, which is subject to a note 45 TRQ. This code is used to classify and identify this particular category of goods for international trade purposes.
When it comes to international trade, it is important to have a standardized system in place to ensure clarity and consistency. The Harmonized System (HS) is an internationally recognized classification system that is used to classify goods for customs and statistical purposes.
The HS Code 99126254 specifically refers to MA goods in subheading 6204.59.20. In order to understand this code, let's break it down:
It is important for traders and importers/exporters to be familiar with HS codes as they play a crucial role in determining the applicable customs duties and taxes for imported or exported goods. The HS code provides a common language for trade and helps facilitate smooth and efficient international transactions.
One of the key aspects related to HS Code 99126254 is the bound or most-favored-nation (MFN) duty rate. The MFN duty rate ensures that every country lowers trade barriers or opens up their markets in a non-discriminatory manner. This means that if a country reduces the duty rate for a particular product, it has to do so for all its trading partners.
Unfortunately, the quantity unit for this specific HS code is not available (NA) in the provided data. However, it is important to note that the quantity unit is an essential factor in determining the import or export volumes of goods.
When it comes to tariff preferences, there is a special rate of 3% for the MA goods in subheading 6204.59.20 under the Morocco Special Rate program. This program provides a preferential tariff treatment for goods imported from or exported to Morocco.
Importing and exporting under HS Code 99126254 can involve various US states. The specific states involved in importing or exporting this product can vary depending on the trade flow and market demand. It is important for traders to be aware of the specific states involved to ensure compliance with regulations and to optimize their trade activities.
HS Code 99126254 represents MA goods in subheading 6204.59.20 above note 45 TRQ. This code plays a crucial role in international trade by providing a standardized classification system for customs and statistical purposes. Traders and importers/exporters should be familiar with HS codes to ensure compliance and facilitate smooth trade transactions.
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