HS Code 99126286 corresponds to the product description of MA goods in subheading 6206.30.30, with note 52 TRQ. This HS code is used to classify and identify specific goods in international trade.
When it comes to international trade, it is essential to have a universal system that allows countries to classify goods. The Harmonized System (HS) is a standardized international system for classifying products. It is used by more than 200 countries and covers about 98% of world trade.
The HS code 99126286 specifically refers to MA goods in subheading 6206.30.30. This subheading falls under the broader category of textiles and textile articles. It provides a more detailed classification for specific types of textile goods, allowing for easier identification and tracking in international trade.
One important aspect of international trade is the determination of duty rates. Duty rates are the taxes or tariffs imposed on imported goods. The bound duty rate refers to the maximum rate a country can impose on a particular category of goods. On the other hand, the MFN (Most Favored Nation) duty rate is the rate applied to all trading partners equally.
In the case of HS Code 99126286, the bound and MFN duty rates would apply. This means that 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 ensures fair and non-discriminatory treatment among trading nations.
The quantity unit for HS Code 99126286 is not available (NA). This may indicate that the specific unit of measurement for this particular product is not specified or relevant in the given data. It is crucial to have standardized quantity units to facilitate accurate measurement and tracking of trade volumes.
There is also a special tariff preference program associated with HS Code 99126286. The program offers a 3.1% tariff rate for imports under the Morocco Special Rate. This preferential treatment aims to promote trade and economic cooperation between the countries involved.
When importing or exporting goods under HS Code 99126286, it is essential to consider the specific regulations and requirements of the importing and exporting US states. Each state may have its own rules and procedures for customs clearance, documentation, and compliance.
HS Code 99126286 represents MA goods in subheading 6206.30.30, with note 52 TRQ. It is a specific classification for textile goods in international trade. Understanding the HS code and its associated duty rates, quantity units, and special tariff preference programs is crucial for importers, exporters, and customs authorities to facilitate smooth and compliant trade operations.