HS Code 99126258 refers to a specific category of goods known as "MA goods" in subheading 6204.61.10. These goods are subject to certain regulations and trade barriers, which this article will explore in detail.
Before delving into the specifics, it's important to understand what an HS Code is. HS stands for Harmonized System, and it is an internationally recognized system for classifying and identifying traded products. Each product is assigned a unique HS Code, which helps facilitate international trade by providing a common language for customs authorities and traders.
In the case of HS Code 99126258, the product description is "MA goods in subheading 6204.61.10 above note 46 TRQ." This description indicates that the goods in question fall under the category of MA goods and are further classified under subheading 6204.61.10. Additionally, there is a reference to "note 46 TRQ," which suggests that there may be certain trade restrictions or quotas applicable to these goods.
One important aspect to consider when dealing with international trade is the bound or MFN (Most Favored Nation) duty rate. This rate refers to the duty that a country imposes on imported goods. The principle of MFN states 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.
Regarding the quantity unit for HS Code 99126258, it is stated as "not available" (NA). This means that the specific unit of measurement for these goods is not provided in the available data. However, it's important to note that the absence of a quantity unit does not necessarily imply that these goods are not traded in specific quantities.
When it comes to tariff preference programs, HS Code 99126258 is subject to a special rate of 1.5% under the Morocco Special Rate. This means that importers of these goods from Morocco can benefit from a reduced duty rate of 1.5% compared to the standard rate. Tariff preference programs are designed to promote trade between countries by providing certain advantages or incentives to eligible trading partners.
In terms of importing and exporting US states, the available data does not provide specific information. Therefore, it is unclear which states are involved in the importation or exportation of HS Code 99126258 goods. However, it's worth mentioning that the United States is a major player in international trade and is involved in the import and export of a wide range of goods across various industries.
In summary, HS Code 99126258 refers to MA goods in subheading 6204.61.10. These goods are subject to certain trade barriers and regulations, and they fall under the Morocco Special Rate, which offers a reduced duty rate of 1.5%. While the specific quantity unit and the details of importing and exporting US states are not available, it's important for traders and importers to be aware of the unique characteristics and regulations associated with this HS Code.