The HS Code 99129580 refers to MA Fruit Mixtures in subheading 2008.92.90, specifically orange and grapefruit mixtures with a minimum value of $1.089 per kilogram. This code is used to categorize and classify goods for international trade purposes. Understanding the HS Code system is crucial for importers and exporters to ensure smooth and accurate trade transactions.
When it comes to trade, countries often have different tariff rates and trade barriers in place. The HS Code system provides a standardized way to classify products and determine the applicable duty rates. In the case of HS Code 99129580, the bound or Most Favored Nation (MFN) duty rate applies. This means that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
Unfortunately, the specific quantity unit for HS Code 99129580 is not available (NA). However, importers and exporters can refer to the specified minimum value per kilogram to determine the quantity and value of the fruit mixtures being traded.
In addition to the general duty rate, there may be special tariff preference programs in place for certain countries. For HS Code 99129580, there is a special rate of 14.9% for imports from Morocco. This means that if the fruit mixtures originate from Morocco, they will be subject to a lower duty rate of 14.9% instead of the regular bound duty rate.
Importers and exporters should also take into account the specific regulations and requirements of the importing and exporting US states. While the HS Code provides a standardized classification system, each state may have its own regulations regarding the import and export of certain goods. It is important to comply with these regulations to avoid any legal issues or delays in trade transactions.
HS Code 99129580 pertains to MA Fruit Mixtures in subheading 2008.92.90, specifically orange and grapefruit mixtures with a minimum value of $1.089 per kilogram. Understanding the HS Code system and the applicable duty rates is essential for importers and exporters to ensure compliance and facilitate smooth trade transactions. Additionally, taking into account special tariff preference programs and specific state regulations further enhances the efficiency and legality of international trade.