Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 99140431: An In-depth Look at BH Goods in Subheading 0402.29.50 over Note 7 TRQ

When it comes to international trade, the Harmonized System (HS) codes play a crucial role in classifying and identifying different products. These codes are used by customs authorities around the world to determine the applicable duties and regulations for imported and exported goods. One such HS code is 99140431, which is assigned to BH goods falling under subheading 0402.29.50 over note 7 TRQ.

Subheading 0402.29.50 refers to dairy products, particularly cheese and curd. This subheading falls under Chapter 4 of the Harmonized System, which covers animal or vegetable fats and oils, prepared edible fats, animal or vegetable waxes, and certain prepared foodstuffs.

Note 7 TRQ (Tariff Rate Quota) indicates that there are specific quantity limits for the importation of the goods classified under this HS code. TRQs are designed to balance the needs of domestic producers with the demand for imported goods, allowing a certain quantity to be imported at a lower or zero duty rate, while any quantity above the quota is subject to higher duties.

Now, let's take a closer look at some key information related to HS Code 99140431:

• Bound / MFN Duty Rate: The bound duty rate refers to the maximum rate at which a country can impose import duties on a particular product. The Most-Favored Nation (MFN) duty rate, on the other hand, is the rate that applies to all trading partners of a country. In the context of this HS code, every time a country lowers a trade barrier or opens up a market, it has to do so for the same BH goods in subheading 0402.29.50 for all its trading partners.
• Quantity Unit: Unfortunately, the available data does not specify the quantity unit for HS Code 99140431. It is important to note that the quantity unit can vary depending on the nature of the product and the specific requirements of the customs authorities.
• Special Tariff Preference Programs: For BH goods classified under HS Code 99140431, a special tariff rate of 66.2 cents/kg plus 8.9% applies. This special rate, known as the Bahrain Special Rate, is applicable for imports from Bahrain. It is worth mentioning that special tariff preference programs are designed to promote trade between specific countries or regions, offering more favorable duty rates compared to the MFN rates.
• Importing US States: The available data does not provide specific information about the US states that import BH goods under HS Code 99140431. However, it is important to note that the HS code system is used globally, and the importation of these goods can vary across different countries and regions.
• Exporting US States: Similarly, the data does not specify the US states that export goods falling under HS Code 99140431. The exportation of these goods can depend on various factors such as production capacity, market demand, and trade agreements.

HS Code 99140431 pertains to BH goods falling under subheading 0402.29.50 over note 7 TRQ. This HS code is used to classify and regulate the importation and exportation of specific dairy products. Understanding the details and implications of the HS code system is essential for businesses and individuals involved in international trade, as it helps ensure compliance with customs regulations and determines the applicable duty rates.