The HS code 99152120 relates to DR-CAFTA member goods falling under subheading 2105.00.20 and exceeding the limitations mentioned in Note 14(a) or 14(b). This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the implications of this HS code, the duty rates associated with it, and the special tariff preference programs applicable.
The product description for HS code 99152120 is DR-CAFTA member goods in subheading 2105.00.20 over Note 14(a) or 14(b) limits. Subheading 2105.00.20 refers to various food preparations, including soups and broths. Note 14(a) or 14(b) indicates specific limitations or conditions imposed on the import or export of these goods under the DR-CAFTA agreement.
The bound / MFN (Most Favored Nation) duty rate is a term used in international trade to refer to the duty rate that a country applies to all its trading partners. It ensures that any trade barrier reduction or market opening is extended to all countries equally. In the case of HS code 99152120, the bound / MFN duty rate would be applicable whenever a country lowers a trade barrier or opens up a market for the goods falling under this category.
The quantity unit for HS code 99152120 is not available (NA), suggesting that the specific unit of measurement for these goods is not specified or may vary depending on the context. Importers and exporters dealing with products under this HS code should refer to the relevant trade documentation or consult with the customs authorities to determine the appropriate quantity unit for their transactions.
The special tariff preference program applicable to HS code 99152120 is 50.2 cents/kg + 17% (P+). This tariff rate is known as the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). It offers preferential treatment in terms of reduced tariffs for goods falling under this HS code when imported or exported between the member countries of the DR-CAFTA agreement.
HS code 99152120 applies to goods being imported or exported between the United States and other DR-CAFTA member countries. The specific states involved in the import or export of these goods may vary depending on the trading partners and their respective locations. It is essential for businesses engaged in international trade under this HS code to understand the regulations and requirements specific to their importing and exporting states.
HS code 99152120 is used to classify DR-CAFTA member goods falling under subheading 2105.00.20 and exceeding the limitations mentioned in Note 14(a) or 14(b). It is important for importers, exporters, and businesses involved in international trade to familiarize themselves with the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code for compliance and efficient trade operations.