HS Code 98220535 refers to goods of subheading 6203.31.90 under the terms of chapter rules for Chapter 62 in General Note 29(n). This HS code is used to classify and identify specific products for international trade.
When importing or exporting goods, it is essential to understand the HS code assigned to the product. HS codes are a standardized system used globally to classify and categorize traded goods. This system helps customs authorities and international organizations track and monitor the flow of goods.
The product description for HS Code 98220535 is "Goods of subheading 6203.31.90." This means that the goods fall under the subheading 6203.31.90, which is a specific category within Chapter 62 of the Harmonized System.
The bound / MFN duty rate for HS Code 98220535 is determined by the duty rate provided in the subheading 6203.31.90. Additionally, the duty rate is reduced by 0.5% every time a country lowers a trade barrier or opens up a market. It is important to note that these reductions must apply to the same goods or services from all trading partners of the country.
Unfortunately, the quantity unit for HS Code 98220535 is not available (NA). This means that the specific unit of measurement for the goods cannot be determined based on the HS code alone. It is essential to consult additional documentation or sources to obtain the necessary information.
Special tariff preference programs can also apply to HS Code 98220535. In this case, the goods are eligible for the Dominican Republic-Central American Special Rate (DR-CAFTA) under the "Free" (P) category. This program allows for preferential treatment in terms of tariffs and duties for goods imported or exported between the United States and the Dominican Republic and Central American countries.
When importing or exporting goods under HS Code 98220535, it is crucial to consider the specific regulations and requirements of both the importing and exporting US states. Each state may have its own rules and procedures for the clearance and documentation of goods. It is advisable to consult with local authorities or trade experts to ensure compliance with all necessary regulations.
HS Code 98220535 is used to classify goods of subheading 6203.31.90 under the terms of chapter rules for Chapter 62 in General Note 29(n). It is important to understand the HS code and its associated details when engaging in international trade to ensure compliance with customs regulations and take advantage of any special tariff preference programs.
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