The HS Code 99122011 refers to a specific product description: MA goods in subheading 2002.10.00 in containers weighing less than 1.4 kg and priced at less than $13 per kilogram over note 13 TRQ.
When importing or exporting goods, it is essential to understand the HS Code, as it helps in identifying the specific product and determining the applicable duties and regulations. The HS Code is an internationally recognized system for classifying goods, and it is used by customs authorities worldwide.
In the case of HS Code 99122011, the product falls under subheading 2002.10.00, which relates to specific goods in containers. The weight limit of less than 1.4 kg and the price limit of less than $13 per kilogram over note 13 TRQ further specify the product description.
The bound or most-favored-nation (MFN) duty rate is an important aspect to consider when trading goods. It refers to the rate of duty that a country applies to imports from all its trading partners. 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. Therefore, the MFN duty rate ensures fair and equal treatment for all trading partners.
Unfortunately, the specific quantity unit for HS Code 99122011 is not available (NA). This means that the data regarding the quantity unit of the goods in this code is not provided or is unknown. It is crucial for importers and exporters to have accurate information about the quantity unit to facilitate trade transactions.
Special tariff preference programs can provide benefits for certain products or countries. In the case of HS Code 99122011, a special rate of 12.5% applies for goods imported under the Morocco Special Rate (MA). This preference program allows for a reduced duty rate, providing an incentive for trade between the countries involved.
Importing and exporting under HS Code 99122011 may involve various US states. The specific states involved in importing and exporting these goods are not mentioned in the provided data. However, it is essential for traders to be aware of the specific states involved, as different states may have their own regulations and requirements for importing and exporting goods.
understanding the HS Code 99122011 is crucial for importers and exporters dealing with MA goods in subheading 2002.10.00 in containers weighing less than 1.4 kg and priced at less than $13 per kilogram over note 13 TRQ. It helps in determining the applicable duties, regulations, and any special tariff preference programs. Importers and exporters should also be aware of the specific US states involved in the trade to comply with any state-specific requirements.