HS Code 99150497 refers to a category of goods that fall under the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA). This article will provide an extensive overview of the HS Code and its implications for trade. It will also discuss the special tariff preference programs associated with this code.
The goods falling under HS Code 99150497 are classified within the broader category of DR-CAFTA member goods. These goods specifically belong to the following sub-categories:
It is important to note that these goods must adhere to the limitations set forth in note 10(a) or 10(b) to be classified under this HS Code.
The bound or Most Favored Nation (MFN) duty rate refers to the rate at which a country imposes import duties on goods. According to international trade regulations, whenever 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.
However, the specific duty rate for goods falling under HS Code 99150497 is not available at the moment.
For the goods classified under HS Code 99150497, the quantity unit is not available (NA). This means that the unit of measurement for these goods is not specified or is variable depending on the specific product.
HS Code 99150497 is associated with a special tariff preference program known as the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). The tariff rate under this program is $1.128 per kilogram (P+).
This special tariff preference program is applicable to the import and export of goods between the United States and the DR-CAFTA member countries. It aims to promote trade and economic cooperation by providing favorable tariff rates for eligible goods.
The goods falling under HS Code 99150497 can be imported into any state in the United States. Similarly, these goods can be exported from any state in the United States to the DR-CAFTA member countries.
It is worth mentioning that the DR-CAFTA agreement has facilitated trade between the United States and its Central American trading partners, including the Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.
HS Code 99150497 represents a category of goods that fall under the DR-CAFTA agreement. These goods are subject to special tariff preference programs, such as the DR-CAFTA Plus Rate. Understanding the implications of this HS Code is crucial for businesses and individuals involved in international trade between the United States and the DR-CAFTA member countries.