The HS Code 99126305 refers to MA goods in subheading 6212.10.50 or 6212.10.90 above note 58 TRQ. This code is used to classify specific products for import and export purposes. In this article, we will provide a detailed explanation of this HS Code, including its product description, bound/MFN duty rate, quantity unit, and special tariff preference programs.
The products classified under HS Code 99126305 fall under subheading 6212.10.50 or 6212.10.90. These subheadings are part of the broader category of textiles and textile articles.
Note 58 TRQ stands for Tariff Rate Quota, which is a trade policy tool that allows a certain quantity of a product to be imported at a lower tariff rate.
The bound/MFN (Most Favored Nation) duty rate refers to the rate applied to a product when a country lowers a trade barrier or opens up a market. It is a non-discriminatory rate, meaning that it has to be applied equally to the same goods or services from all trading partners.
Unfortunately, the specific bound/MFN duty rate for HS Code 99126305 is not available. It is essential for importers and exporters to consult the relevant customs authorities or trade agreements to determine the applicable duty rate for their specific situation.
The quantity unit for HS Code 99126305 is not available (NA). The absence of a specified quantity unit suggests that the classification of goods under this HS Code is not based on a specific quantity measurement but rather on other characteristics, such as the nature of the product or its material composition.
The special tariff preference program for HS Code 99126305 is 3.4% (MA). This means that certain goods classified under this HS Code may benefit from a reduced tariff rate of 3.4% when imported into a specific country.
The abbreviation "MA" refers to Morocco, indicating that this special rate applies to imports from or exports to Morocco. It is important for businesses engaging in international trade with Morocco to take advantage of this special tariff preference program to enhance their competitiveness in the market.
HS Code 99126305 applies to both importing and exporting US states. This means that products classified under this code can be imported from or exported to any state within the United States.
When engaging in international trade involving HS Code 99126305, businesses in the United States should comply with the relevant customs regulations and documentation requirements to ensure smooth and compliant import or export operations.
HS Code 99126305 is a specific code used for the classification of MA goods in subheading 6212.10.50 or 6212.10.90 above note 58 TRQ. This article has provided a comprehensive overview of the product description, bound/MFN duty rate, quantity unit, and special tariff preference programs associated with this HS Code. It is important for businesses involved in international trade to understand and adhere to the regulations and requirements related to HS Code 99126305 to facilitate efficient and compliant import and export operations.