HS Code 99156205 represents wool apparel goods of CR (Country of Registration) subject to US note 16(a). This code is used to classify and track these specific products in international trade. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
Wool apparel goods of CR refer to clothing items made from wool that are registered under a specific country. The specific country can vary based on the origin of the wool and the manufacturer's location. These goods can include various types of woolen clothing such as sweaters, coats, hats, scarves, and more. Understanding this product description is crucial for accurate classification and proper trade documentation.
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 principle is known as the Most Favored Nation (MFN) principle. The bound duty rate refers to the maximum tariff rate that a country can impose on imported goods. In the case of HS Code 99156205, the specific bound / MFN duty rate may vary depending on the country of import and its trade agreements with the exporting country.
The quantity unit for HS Code 99156205 is not available (NA). This means that the specific unit of measurement for the quantity of wool apparel goods is not specified in the HS code. It is important to consult additional trade documentation and regulations to determine the appropriate unit of measurement for quantity when importing or exporting these goods.
Special tariff preference programs are trade agreements or arrangements that provide preferential rates or exemptions on import duties for specific goods. These programs aim to promote trade between countries, support economic development, and foster cooperation. While the specific special tariff preference programs applicable to HS Code 99156205 are not mentioned in the available data, it is essential to research and analyze the trade agreements and preferences between the importing and exporting countries for potential benefits or obligations.
The HS code system is used globally to classify and track products in international trade. However, the specific importing and exporting US states for HS Code 99156205 are not provided in the given data. Import and export statistics can vary among different states based on factors such as geographical location, manufacturing hubs, consumer demand, and trade policies. It is advisable to consult official trade databases or specific reports to obtain detailed information on the importing and exporting US states for wool apparel goods under this HS code.
HS Code 99156205 classifies wool apparel goods of CR subject to US note 16(a). Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for accurate trade classification, documentation, and compliance. Importers, exporters, and trade professionals should always stay updated with the latest regulations and consult official sources for specific information related to their trade activities involving HS Code 99156205.