HS Code 99126302 refers to a specific category of goods in subheading 6211.42.00, as mentioned in note 57 TRQ. This article aims to provide an extensive understanding of this HS code, including its product description, bound / MFN duty rate, quantity unit, and special tariff preference programs. Let's delve into the details below.
The goods falling under HS Code 99126302 are classified under subheading 6211.42.00. While the specific product description is not available, it can be inferred that these goods are related to the textile industry based on the subheading. It is crucial to note that the HS code acts as a universal classification system for goods, facilitating international trade by providing a standardized way to identify and categorize products.
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. This principle is known as the Most-Favored Nation (MFN) treatment, which ensures non-discrimination in international trade. The bound duty rate, on the other hand, refers to the maximum tariff rate that a country can impose on a particular product.
Unfortunately, specific information regarding the bound / MFN duty rate for HS Code 99126302 is not available. However, it is important to understand that the duty rates vary from country to country and can change over time due to various factors such as trade agreements, negotiations, and economic policies.
The quantity unit for goods classified under HS Code 99126302 is not available (NA). This indicates that the specific unit of measurement for these goods is not provided or might vary depending on the nature of the product. It is essential for importers and exporters to determine the appropriate quantity unit when dealing with goods falling under this HS code, ensuring accurate and efficient trade transactions.
For HS Code 99126302, a special tariff preference program exists, providing a preferential duty rate of 1.6% for imports from Morocco (MA). This means that if the goods falling under this HS code are imported from Morocco, they will be subjected to a reduced tariff rate of 1.6% instead of the standard duty rate applicable for other countries.
Special tariff preference programs are often established through bilateral or multilateral trade agreements, aimed at promoting economic cooperation and providing certain benefits to specific countries or regions. These programs can contribute to increased trade volumes, market access, and economic growth for participating countries.
It is important to note that the HS code system is not specific to any particular country but is globally recognized. However, when it comes to importing and exporting goods to and from the United States, each state within the country may have its own regulations and requirements.
Importing US states and exporting US states refer to the individual states within the United States that engage in international trade activities. These states have designated ports, customs procedures, and trade policies that govern import and export transactions. Importers and exporters need to comply with the regulations of both the United States federal government and the specific state they are dealing with.
HS Code 99126302 represents a category of goods falling under subheading 6211.42.00. While the specific product description, bound / MFN duty rate, and quantity unit are not available, it is crucial to understand the concept of HS codes, the principles of MFN treatment, and the significance of special tariff preference programs. Importers and exporters should stay updated with the relevant regulations and requirements of the importing and exporting US states to ensure smooth and compliant international trade operations.