The HS Code 99129562 refers to the product description of MA other peaches/nectarines in subheading 2008.70.20 with a weight range of at least 13.75 kilograms but less than 22 kilograms per unit. This HS code is used for the classification and identification of this specific product in international trade.
When it comes to international trade, HS codes play a crucial role in ensuring proper classification and smooth movement of goods across borders. The HS code system, also known as the Harmonized System, is an internationally standardized system for classifying and coding products. It is maintained by the World Customs Organization (WCO) and is used by customs authorities, traders, and statisticians worldwide.
Now let's delve into more details about the HS Code 99129562. Here is some additional information related to this specific HS code:
The bound / MFN (Most Favored Nation) duty rate is the rate at which a country applies import duties on a particular product. It is the maximum rate that a country can impose on imports from any other World Trade Organization (WTO) member. This rate ensures that a country treats all its trading partners equally when it comes to trade barriers and market access.
For the HS Code 99129562, the bound / MFN duty rate may vary depending on the country. It is important for traders to be aware of the duty rates applicable in different markets to calculate the cost of importing or exporting this product.
The quantity unit for the product described by the HS Code 99129562 is not available (NA). This means that the specific unit of measurement for this product is not explicitly mentioned or standardized. Traders and customs authorities may need to refer to additional documentation or industry-specific standards to determine the appropriate quantity unit for this product.
The special tariff preference program for the HS Code 99129562 is 17% for imports from Morocco (MA). This means that if the product described by this HS code is imported from Morocco, it will be eligible for a preferential tariff rate of 17% instead of the standard duty rate.
Special tariff preference programs are agreements or arrangements between countries that provide reduced or zero-duty rates for specific products. These programs aim to promote trade and economic cooperation between participating countries. In the case of the HS Code 99129562, Morocco has a special rate of 17% for the import of MA other peaches/nectarines in subheading 2008.70.20.
When it comes to the import and export of products classified under the HS Code 99129562, it is essential to consider the specific states involved in the trade. While the HS code provides a standardized classification, the actual import/export procedures and regulations may vary from state to state within a country.
In the case of the United States, the importing and exporting states for the product described by the HS Code 99129562 will depend on the specific trade transactions. Traders and businesses involved in this trade should consult the relevant customs authorities and trade documents to determine the specific states involved in their import and export activities.
the HS Code 99129562 represents the product description of MA other peaches/nectarines in subheading 2008.70.20 with a weight range of at least 13.75 kilograms but less than 22 kilograms per unit. This HS code plays a crucial role in facilitating international trade by providing a standardized classification system for customs authorities, traders, and statisticians worldwide. Understanding the bound / MFN duty rate, quantity unit, special tariff preference programs, and importing/exporting US states related to this HS code is essential for successful trade transactions.