The HS Code 99151205 refers to NI or SV goods in subheadings 1202.10.80, 1202.20.80, 2008.11.35, or 2008.11.60 that are subject to note 12(a) limits. In this article, we will explore the details of this HS Code, including the product description, duty rates, quantity unit, and special tariff preference programs associated with it.
The goods categorized under HS Code 99151205 are classified as either NI (not indicated) or SV (specific value). These goods fall under specific subheadings, including 1202.10.80, 1202.20.80, 2008.11.35, or 2008.11.60. The subheadings provide further classification based on the nature and characteristics of the goods. It is important to note that these goods are subject to note 12(a) limits, which may impose certain restrictions or regulations on their import or export.
Bound / MFN (Most Favored Nation) duty rate refers to the tariff rate applied to a particular product when a country lowers a trade barrier or opens up a market. According to international trade rules, whenever a country reduces its trade barriers or provides market access, it must do so for the same goods or services from all its trading partners. The bound / MFN duty rate ensures fair and equal treatment for all trading partners.
Unfortunately, the quantity unit for goods classified under HS Code 99151205 is not available (NA). The absence of a specific quantity unit suggests that the measurement or valuation of these goods may be based on different factors, such as weight, volume, or value. Importers and exporters dealing with goods under this HS Code should consult relevant regulations or documentation for specific quantity measurement guidelines.
Goods classified under HS Code 99151205 may be eligible for special tariff preference programs. One such program is the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). Under this program, specific goods imported or exported between the participating countries enjoy preferential treatment, such as duty-free or reduced tariff rates. Importers and exporters should review the specific requirements and conditions of such programs to benefit from the tariff preferences.
As with any HS Code, the import and export of goods under HS Code 99151205 are subject to specific regulations and restrictions imposed by individual countries. In the case of the United States, importing US states and exporting US states play a crucial role in determining the legal requirements, documentation, and procedures for trade involving goods under this HS Code. Importers and exporters should consult the relevant authorities or trade organizations to ensure compliance with the specific regulations of the importing and exporting US states.
HS Code 99151205 encompasses NI or SV goods in specific subheadings, subject to note 12(a) limits. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS Code is essential for importers and exporters. By adhering to the regulations and requirements, businesses can engage in international trade smoothly and benefit from tariff preferences.