When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying and identifying different products. In this article, we will be focusing on HS Code 99129510, which pertains to MA olives in subheading 2005.70.60. These olives are classified as whole pitted olives weighing more than 0.3 kg and costing at least $1.449/kg.
HS Codes are used globally to standardize the classification of goods for customs purposes. They provide a common language for trade regulations, statistics, and documentation. Each HS Code represents a specific product or group of products, making it easier for countries to track and regulate trade.
Now, let's dive deeper into the details of HS Code 99129510:
Product description: MA olives in subheading 2005.70.60 Whole pitted > 0.3 kg>=$1.449/kg
This product description tells us that the HS Code 99129510 is specifically for MA olives. These olives fall under subheading 2005.70.60, which refers to processed or preserved fruits and nuts. The olives are whole and pitted, with a minimum weight requirement of 0.3 kg. Additionally, they must have a minimum cost of $1.449/kg.
Bound / MFN duty rate: 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 / MFN (Most Favored Nation) duty rate is a concept in international trade that ensures equal treatment for all trading partners. It means that when a country reduces trade barriers or opens up its market, it must apply the same rules to all its trading partners. This principle promotes fair and non-discriminatory trade practices.
Quantity unit: Not available (NA)
In the case of HS Code 99129510, the quantity unit is not available (NA). This means that the specific unit of measurement for the olives is not specified or relevant for this HS Code. It could vary depending on the trade agreement or specific requirements of the importing and exporting countries.
Special tariff preference programs: 6 cents/kg on drained weight (MA)
Under special tariff preference programs, certain countries may receive preferential treatment in terms of tariffs. In the case of HS Code 99129510, there is a special rate of 6 cents/kg on drained weight for olives imported from Morocco (MA). This indicates that Morocco has a specific trade agreement or preference that grants them a lower tariff rate for this product.
Importing US states: [List of importing US states]
When importing products classified under HS Code 99129510, different states within the United States may have varying import regulations or requirements. It is essential for importers to be aware of these state-specific rules to avoid any issues or delays in the import process.
Exporting US states: [List of exporting US states]
Similarly, when exporting products classified under HS Code 99129510 from the United States, different states may have specific regulations or requirements. Exporters should familiarize themselves with these state-level regulations to ensure compliance and smooth export operations.
HS Code 99129510 is specifically assigned to MA olives in subheading 2005.70.60. This HS Code helps in standardizing the classification and identification of these olives for customs purposes. It is essential for importers and exporters to be familiar with the details and regulations associated with this HS Code to ensure seamless international trade.