BH goods in subheading 1701.11.50, 1701.12.50, and like sugar-containing articles subject to note 10 TRQ are classified under the HS Code 99141705. This code is used to identify and categorize specific goods for international trade purposes. In this article, we will explore the details and implications of this HS Code, including the product description, duty rates, quantity unit, and special tariff preference programs.
The goods classified under HS Code 99141705 fall under subheading 1701.11.50, 1701.12.50, and similar sugar-containing articles. Subheading 1701.11.50 refers to raw sugar containing added flavoring or coloring substances, while subheading 1701.12.50 includes raw sugar in solid form. These sugar-containing articles are subject to note 10 TRQ, which stands for Tariff Rate Quota. TRQ is a trade policy tool that allows a certain quantity of goods to be imported at a lower duty rate, while any imports exceeding the quota face higher duty rates.
The bound / Most Favored Nation (MFN) duty rate refers to the tariff rate applied to the goods classified under HS Code 99141705. The MFN principle states that every time 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. The specific duty rate for this HS Code may vary depending on the importing country, as each country sets its own tariff rates. It is important for importers and exporters to be aware of the duty rates applicable in different countries to estimate costs and plan their international trade activities accordingly.
The quantity unit for goods classified under HS Code 99141705 is not available (NA). This indicates that the specific goods categorized under this code do not have a standardized unit of measurement for quantity. The absence of a quantity unit suggests that the goods may be assessed based on weight, volume, or any other relevant measurement unit depending on the specific product and trade requirements.
For goods classified under HS Code 99141705, there is a special tariff preference program known as Free (BH) or Bahrain Special Rate. This program allows these goods to be imported into Bahrain at a preferential tariff rate. The exact details of this special rate may vary and should be verified with the relevant authorities and trade agreements. Importers and exporters interested in trading these goods with Bahrain should explore the benefits and requirements of the Free (BH) tariff preference program to maximize their trade opportunities.
The importing and exporting of goods under HS Code 99141705 may involve various US states. As the HS Code is used for international trade purposes, it facilitates the identification and classification of goods across different countries. The specific US states involved in the importation and exportation of goods under this HS Code may vary depending on trade patterns, demand, and supply chains. Importers and exporters should consider the specific requirements and regulations of the US states involved to ensure compliance and smooth trade operations.
HS Code 99141705 represents goods in subheading 1701.11.50, 1701.12.50, and similar sugar-containing articles subject to note 10 TRQ. This code enables the proper identification and classification of these goods for international trade purposes. Importers and exporters should pay attention to the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS Code to effectively navigate the global trade landscape.