In international trade, the Harmonized System (HS) is a standardized system for classifying and coding goods. Each product is assigned a unique HS code, which helps facilitate trade and ensure consistency in tariff rates and regulations across countries. In this article, we will delve into the details of HS Code 99121760 and explore its various aspects.
HS Code 99121760 refers to specific goods falling under subheadings 1806.90.39, 1806.90.49, or 1806.90.59. These goods are subject to Note 12 (c) of the Tariff Rate Quota (TRQ) agreement. TRQ is a mechanism that allows a certain quantity of goods to be imported at a lower tariff rate, while any quantity exceeding the quota faces a higher tariff.
When 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. This principle, known as the Most Favored Nation (MFN) treatment, ensures non-discriminatory trade practices. The bound duty rate for goods classified under HS Code 99121760 may vary depending on the country and its specific trade agreements.
Unfortunately, the specific quantity unit for goods under HS Code 99121760 is not available (NA). The absence of a defined quantity unit means that the measurement or unit of trade for these goods may vary depending on the specific product or the trade practices of the countries involved.
For goods classified under HS Code 99121760, there is a special tariff preference program in place. The specific tariff rate under this program is 37.2 cents/kg plus 6%. It is important to note that this special rate applies to goods imported from or exported to Morocco.
HS Code 99121760 applies to goods being imported or exported by the United States. The specific states involved in these import and export transactions may vary depending on the trade flow and the preferences of the trading partners.
HS Code 99121760 encompasses specific goods falling under subheadings 1806.90.39, 1806.90.49, or 1806.90.59. These goods are subject to Note 12 (c) of the TRQ agreement. While the quantity unit for these goods is not available, they benefit from a special tariff preference program with a rate of 37.2 cents/kg plus 6% for trade with Morocco. It is essential for traders and importers/exporters to be aware of the HS code and its associated regulations to ensure compliance and smooth international trade.