The HS Code 99129512 refers to MA olives in subheading 2005.70.60. These olives are classified as whole pitted and have a price range of 39¢/kg to 62.4¢/kg. In this educational article, we will explore more details about this HS code and its implications in international trade.
The bound / MFN (Most Favored Nation) duty rate is an important aspect of international trade agreements. It ensures that countries treat all their trading partners equally and do not discriminate against any particular country. In the case of HS Code 99129512, the bound / MFN duty rate applies to the import and export of MA olives in subheading 2005.70.60.
The quantity unit for HS Code 99129512 is not available (NA). This means that the specific unit for measuring the quantity of MA olives in subheading 2005.70.60 is not specified or standardized. It is important for importers and exporters to clarify the quantity unit with their trading partners to ensure accurate trade transactions.
Under the special tariff preference programs, there is a specific tariff rate applied to the drained weight of MA olives in subheading 2005.70.60. The rate is 8.8 cents/kg. This tariff rate is applicable for imports and exports of these olives under the special tariff preference program for Morocco (MA).
HS Code 99129512 applies to the import and export of MA olives in subheading 2005.70.60 between various US states. The specific states involved in the import and export transactions may vary depending on the trading partners.
HS Code 99129512 represents MA olives in subheading 2005.70.60. It is essential for importers and exporters to be aware of the bound / MFN duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS code. Understanding these details will facilitate smooth international trade transactions and compliance with relevant regulations.