When it comes to international trade, the Harmonized System (HS) code is a crucial classification system used to identify and categorize products. Each product is assigned a unique HS code, which helps customs authorities, traders, and statisticians worldwide to accurately track and analyze trade flows. In this article, we will delve into the details of HS Code 99129571, specifically focusing on MA Other Peach/Pear Fruit Mixtures in subheading 2008.92.90, with a value of less than 18.75?/kg.
The product description for HS Code 99129571 is "MA Other Peach/Pear Fruit Mixtures in subheading 2008.92.90 <18.75?/kg." This code is used to classify fruit mixtures consisting of peaches and pears, which fall under subheading 2008.92.90 of the HS system. The "<18.75?/kg" indicates that the product's value is less than 18.75 units of currency per kilogram.
Now let's explore the various aspects related to HS Code 99129571:
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. The bound or Most-Favored Nation (MFN) duty rate for HS Code 99129571 refers to the maximum tariff that can be applied to the import of this product. It ensures that all trading partners are treated equally and not subjected to discriminatory tariffs.
For HS Code 99129571, the quantity unit is not available (NA). This means that the specific unit of measurement for this product is not specified or may vary depending on the specific trade transaction.
HS Code 99129571 is eligible for special tariff preference programs. In this case, the product qualifies for a preferential duty rate of 14.9% under the Morocco Special Rate (MA). This means that if the product is imported from or exported to Morocco, it can benefit from a reduced tariff rate, promoting trade between the countries.
HS Code 99129571 is applicable to trade involving the United States. While the provided data does not specify the importing and exporting US states, it is essential to consider that the HS code applies nationwide and can be used for trade transactions across all states in the US.
HS Code 99129571 classifies MA Other Peach/Pear Fruit Mixtures in subheading 2008.92.90 with a value of less than 18.75?/kg. This code helps streamline international trade by accurately categorizing products and facilitating customs procedures. Understanding the details and implications of HS codes is vital for businesses, traders, and policymakers involved in global trade.