The HS Code 99129564 refers to a specific product category known as "MA Other Peaches/Nectarines" in subheading 2008.70.20. This HS code is used to classify and identify the product for international trade purposes. It provides a standard classification system that is recognized globally.
When importing or exporting goods, it is crucial to correctly identify and classify them according to their respective HS codes. This helps customs authorities, businesses, and trade organizations to track and monitor the flow of goods across borders and ensure compliance with trade regulations.
The product description for HS Code 99129564 indicates that it pertains to "other peaches/nectarines" falling under subheading 2008.70.20. This subheading likely represents a specific variety or type of peaches/nectarines, differentiated from others based on certain characteristics or quality standards.
The quantity unit for this HS code is not available (NA). This means that the specific unit of measurement for the quantity of goods is not specified in the data provided. It is important for importers and exporters to accurately declare the quantity of goods being traded to facilitate customs clearance and documentation processes.
Special tariff preference programs may apply to goods classified under HS Code 99129564. In this case, the special rate is 17% for Morocco (MA). This indicates that if the importing or exporting country is Morocco, a preferential tariff rate of 17% will be applicable for this specific product category. Tariff preferences are often established through bilateral or regional trade agreements to promote trade between countries.
It is worth noting that the bound/MFN (Most Favored Nation) duty rate is not provided in the given data. The bound duty rate refers to the maximum tariff rate that a country can impose on imports of a particular product, as agreed upon in international trade negotiations. The MFN principle ensures that any trade barrier reductions or market openings are extended to all trading partners on a non-discriminatory basis.
When importing or exporting goods classified under HS Code 99129564, it is essential to comply with the applicable customs regulations, including documentation requirements, tariff rates, and any special tariff preferences. Failure to comply with these regulations can result in delays, penalties, or even the rejection of goods at the border.
HS Code 99129564 represents the product category of "MA Other Peaches/Nectarines" under subheading 2008.70.20. This HS code is used for international trade classification and facilitates the tracking and monitoring of goods across borders. Importers and exporters must accurately declare the quantity of goods and comply with any applicable customs regulations, including tariff rates and special tariff preferences.