HS Code 99126276 refers to MA goods in subheading 6205.20.10 or 6205.20.20, subject to note 50 TRQ. This HS code is used for the classification of specific goods for international trade. In this article, we will explore the details of this HS code, including the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The goods falling under HS Code 99126276 are categorized under subheading 6205.20.10 or 6205.20.20. The subheading 6205.20.10 refers to men's or boys' shirts made of cotton, while 6205.20.20 refers to men's or boys' shirts made of man-made fibers. These goods are subject to the regulations and requirements set forth by note 50 TRQ.
Note 50 TRQ stands for Tariff Rate Quota, which is a trade policy tool used by countries to manage imports of certain goods. It sets a specific quantity limit on the importation of goods within a particular period, often at a reduced duty rate. The goods falling under HS Code 99126276 are subject to this quota system.
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 is known as the Most Favored Nation (MFN) treatment. The bound duty rate is the maximum tariff rate a country can impose on imports. It provides a ceiling for tariff rates, ensuring predictability and stability in international trade.
However, the specific duty rate for goods falling under HS Code 99126276 may vary depending on the country of import. It is recommended to consult the customs authorities or relevant trade agreements to determine the exact duty rate applicable.
The quantity unit for goods classified under HS Code 99126276 is not available (NA). This means that the specific unit of measurement for these goods is not mentioned or standardized. It could vary depending on the nature of the product or the trade practices of the importing and exporting countries.
Goods falling under HS Code 99126276 may be eligible for special tariff preference programs. In the case of MA (Morocco), the goods are eligible for a free tariff rate. This means that imports of these goods from Morocco into the designated country will be exempted from any duty or tariff charges.
Special tariff preference programs are often established to promote economic cooperation and trade between countries. They aim to provide incentives for businesses to engage in cross-border trade by reducing or eliminating tariff barriers.
HS Code 99126276 is applicable for goods imported into and exported from the United States. The specific states involved in the import and export transactions may vary depending on the trading partners and market demand.
It is important for businesses and individuals involved in international trade to be aware of the regulations and requirements associated with HS Code 99126276 when importing or exporting goods. Compliance with customs regulations, duty rates, and special trade programs can help facilitate smooth and efficient trade operations.
HS Code 99126276 is used for the classification of MA goods in subheading 6205.20.10 or 6205.20.20, subject to note 50 TRQ. It is important for traders and importers/exporters to understand the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS code to ensure compliance and maximize the benefits of international trade.