The HS code 99129555 refers to MA other peaches/nectarines in subheading 2008.70.10 with a minimum weight of 49.5 grams per kilogram. This code is used to classify and identify this specific type of fruit for trade and customs purposes.
When importing or exporting goods, it is essential to use the correct HS code to ensure accurate classification and proper documentation. The HS code system is a standardized international method for classifying products traded across borders. It helps customs authorities, statisticians, and businesses to track and analyze trade flows.
The product description for HS code 99129555 is "MA other peaches/nectarines in subheading 2008.70.10>=49.5?/kg." This means that the code specifically refers to peaches or nectarines falling under the subheading 2008.70.10 and weighing at least 49.5 grams per kilogram. The use of specific subheadings allows for more detailed classification and differentiation between similar products.
Bound or Most Favored Nation (MFN) duty rates are applied to goods imported under this HS code. The MFN principle states that 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 ensures fair and non-discriminatory treatment in international trade.
The quantity unit for HS code 99129555 is not available (NA), indicating that the specific unit of measurement for this product is not defined or standardized. However, the weight requirement of 49.5 grams per kilogram provides a clear reference for the minimum weight of the peaches or nectarines included under this code.
There are special tariff preference programs applicable to this HS code. In the case of MA other peaches/nectarines, a 16% tariff rate applies under the Morocco Special Rate. This special rate is designed to promote trade and economic cooperation between the importing country and Morocco.
When importing goods under HS code 99129555, it is important to consider the specific regulations and requirements of the importing and exporting countries involved. Different US states may have varying rules and restrictions for the importation of agricultural products, including peaches and nectarines. Similarly, exporting US states must comply with the relevant regulations and quality standards to ensure the smooth flow of trade.
HS code 99129555 is used to classify and identify MA other peaches/nectarines in subheading 2008.70.10 with a minimum weight of 49.5 grams per kilogram. This code helps facilitate international trade by providing a standardized classification system for customs authorities and businesses. Understanding the specific requirements and regulations associated with this HS code is crucial for importers, exporters, and other stakeholders involved in the trade of peaches and nectarines.