The HS Code 99150460 refers to a specific product category within the international Harmonized System (HS) classification. This code is used to identify and classify goods for import and export purposes. In this article, we will explore the details of HS Code 99150460 and provide relevant information about its product description, duty rates, quantity unit, and special tariff preference programs.
The product description associated with HS Code 99150460 is GT, NI or SV goods in subheading 0403.90.95 over U.S. note 8(a) or 8(b) limits. This description indicates that the goods falling under this HS code are specific to the countries of Guatemala (GT), Nicaragua (NI), or El Salvador (SV) and fall within the subheading 0403.90.95.
Subheading 0403.90.95 refers to a specific category of goods that may have certain restrictions or limitations imposed by the United States under note 8(a) or 8(b). These limitations may be related to trade barriers or market access conditions for these goods.
The bound / MFN (Most Favored Nation) duty rate is applicable for HS Code 99150460. The MFN principle states that 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. This means that the duty rate for the goods falling under this HS code will be consistent for all countries.
It is important to note that the specific duty rate for HS Code 99150460 is not mentioned in the available data. The duty rate may vary depending on the specific country of import or export and the applicable trade agreements or regulations.
The quantity unit for HS Code 99150460 is mentioned as Not Available (NA). This indicates that the data available does not specify a particular unit of measurement for the goods falling under this HS code. The absence of a quantity unit suggests that the classification and regulation of these goods may be based on factors other than quantity, such as value, weight, or specific characteristics.
HS Code 99150460 is eligible for special tariff preference programs. The available data mentions a specific tariff rate of $1.034/kg + 17% under the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus) program. This program provides preferential tariff treatment for goods traded between the United States and the countries of the Dominican Republic and Central America (El Salvador, Guatemala, Honduras, Nicaragua, and Costa Rica).
The DR-CAFTA Plus program offers reduced or eliminated duties for qualifying goods, promoting trade and economic cooperation between the participating countries. It is important for importers and exporters dealing with goods falling under HS Code 99150460 to be aware of the specific requirements and eligibility criteria for availing the benefits of this special tariff preference program.
The available data does not provide information about the specific importing and exporting US states associated with HS Code 99150460. However, it is important to note that the HS code classification is used globally to facilitate international trade. Therefore, goods falling under this HS code can be imported or exported to and from any US state, subject to applicable regulations, trade agreements, and customs procedures.
HS Code 99150460 represents a specific category of goods related to the countries of Guatemala, Nicaragua, or El Salvador, falling within the subheading 0403.90.95. This code is used for classification and regulation purposes in international trade. Importers and exporters dealing with goods falling under this HS code should consider the duty rates, special tariff preference programs, and any applicable restrictions or limitations imposed by the United States or other trading partners.