The HS Code 99129565 refers to a specific category of product: MA Other Peaches/Nectarines in Subheading 2008.70.20>=49.5?/kg. In this article, we will explore the details and implications of this HS code, including the product description, bound/MFN duty rate, quantity unit, and special tariff preference programs.
The product description for HS Code 99129565 is "MA other peaches/nectarines in subheading 2008.70.20>=49.5?/kg." This code classifies the specific type of peaches or nectarines being imported or exported. The "MA" in the description stands for "Madagascar," indicating the country of origin or destination for this particular product.
It is important to note that the subheading 2008.70.20>=49.5?/kg further specifies the type and quality of the peaches or nectarines. This subheading likely refers to a specific grade, size, or condition of the fruit, which may impact its market value and regulatory requirements.
The bound/MFN duty rate is the rate at which a country imposes import duties on goods or services from its trading partners. It is worth mentioning that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This ensures fair and equal treatment in international trade.
Unfortunately, the specific bound/MFN duty rate for HS Code 99129565 is not available in the provided data. However, it is crucial for importers and exporters to be aware of the applicable duty rates when dealing with this product. Failure to comply with customs regulations can result in delays, penalties, or even the rejection of the shipment.
According to the provided data, the quantity unit for HS Code 99129565 is not available (NA). This means that the exact unit of measurement for the product, such as kilograms, liters, or pieces, is unspecified or not provided.
When engaging in international trade, it is essential for importers and exporters to accurately declare the quantity unit to comply with customs regulations and facilitate the smooth flow of goods. Proper documentation and labeling are crucial to ensure accurate measurement and pricing of the products.
For HS Code 99129565, there is a special tariff preference program in place. The data provided indicates a 17% tariff rate for this product under the Morocco Special Rate (MA). This special rate is likely applicable to trade between Morocco and the country of import or export.
Special tariff preference programs are implemented to promote trade and economic cooperation between specific countries or regions. They aim to provide preferential treatment, such as reduced duty rates or exemptions, to encourage trade growth and strengthen bilateral or regional trade agreements.
The data does not provide specific information on the importing or exporting US states for HS Code 99129565. However, it is worth noting that the United States is a significant player in international trade, both as an importer and an exporter of various goods and services.
When dealing with HS Code 99129565, importers and exporters should consider the specific regulations, documentation requirements, and customs procedures specific to the US states involved in the trade. Each state may have its own regulations and requirements that need to be followed to ensure compliance and smooth trade operations.
HS Code 99129565 classifies MA Other Peaches/Nectarines in Subheading 2008.70.20>=49.5?/kg. This article has provided an overview of the product description, bound/MFN duty rate, quantity unit, and special tariff preference programs related to this HS code. Importers and exporters dealing with this product should be aware of the regulatory implications and requirements to ensure successful and compliant trade operations.