The HS Code 99129563 refers to a specific product category known as MA Other Peaches/Nectarines in subheading 2008.70.20 with a weight range of 22 to 33 kilograms. In this article, we will explore this HS code in depth and discuss its implications in international trade and commerce.
HS codes are a standardized system of product classification used globally for the purpose of customs declarations and trade statistics. They help identify the nature of goods being imported or exported, allowing for easier categorization and regulation. In this case, the HS code 99129563 represents a specific type of peaches or nectarines falling under subheading 2008.70.20.
When it comes to international trade, countries often impose trade barriers such as tariffs to protect domestic industries or regulate imports. The bound or Most Favored Nation (MFN) duty rate is the maximum tariff rate a country can impose on a specific product category, as agreed upon in international trade agreements. It ensures that any trade barrier reduction or market access that a country provides to one trading partner must be extended to all trading partners.
In the case of HS code 99129563, the bound or MFN duty rate may vary depending on the country. However, it is important to note that the specific duty rate is not provided in the data. It is advisable to consult the specific customs regulations of the importing and exporting countries to determine the applicable duty rates for this product category.
The quantity unit for HS code 99129563 is not available (NA) in the given data. This means that the data does not provide information on the specific unit of measurement or quantity associated with this product category. It is crucial to consider the unit of measurement when dealing with international trade transactions to ensure accurate documentation and pricing.
Special tariff preference programs can also affect the duty rates for specific product categories. In the case of HS code 99129563, the data indicates a special rate of 17% for Morocco (MA). This means that Morocco has a preferential tariff rate of 17% for importing MA Other Peaches/Nectarines in subheading 2008.70.20 with a weight range of 22 to 33 kilograms. This special rate may be applicable due to a trade agreement or preferential trade arrangement between the exporting country and Morocco.
It is important to note that the importing and exporting US states are not specified in the given data. However, the HS code 99129563 can be used for trade transactions involving these peaches or nectarines between any US states. The specific import and export requirements, documentation, and regulations may vary depending on the US states involved. It is advisable to consult the relevant state authorities and customs agencies to ensure compliance with all applicable regulations and procedures.
HS code 99129563 represents MA Other Peaches/Nectarines in subheading 2008.70.20 with a weight range of 22 to 33 kilograms. The bound or MFN duty rate, quantity unit, and special tariff preference programs can vary depending on the importing and exporting countries. It is essential to consult the specific customs regulations and trade agreements to determine the applicable duty rates and requirements for this product category. Compliance with all relevant regulations and procedures is crucial for smooth international trade transactions.