The HS code 99140421 refers to a specific category of goods known as BH goods in subheading 0402.10.50, 0402.21.25, and similar dairy products that are subject to note 6 TRQ. In this educational article, we will explore the details of this HS code, including its product description, bound/MFN duty rate, quantity unit, and special tariff preference programs. Let's dive in and understand the significance of HS code 99140421.
The product description for HS code 99140421 encompasses BH goods falling under subheading 0402.10.50, 0402.21.25, and similar dairy products. Subheading 0402.10.50 refers to dairy products such as milk and cream, concentrated or sweetened, while subheading 0402.21.25 covers products like yoghurt and buttermilk. These products are subject to note 6 TRQ, which indicates that there may be specific restrictions or quotas on their import or export.
Bound / MFN duty rate is a concept that ensures fair trade practices among countries. It implies that when a country lowers a trade barrier or opens up its market, it must apply the same rules to all its trading partners for the same goods or services. In the context of HS code 99140421, the bound / MFN duty rate would be the applicable duty rate for BH goods in subheading 0402.10.50, 0402.21.25, and similar dairy products.
Unfortunately, the quantity unit for HS code 99140421 is not available (NA). This means that the specific unit of measurement for these goods is not specified or provided in the available data. However, it is essential to consider the appropriate quantity unit while dealing with the import or export of BH goods falling under subheading 0402.10.50, 0402.21.25, and similar dairy products.
HS code 99140421 entails a special tariff preference program for BH goods. It specifies a rate of 51.9 cents/kg for these goods. The special rate applies to Bahrain (BH) and provides a preferential tariff treatment for the import of BH goods in subheading 0402.10.50, 0402.21.25, and similar dairy products. This program aims to facilitate trade between Bahrain and its trading partners, promoting economic growth and cooperation.
When it comes to the importing and exporting of BH goods falling under subheading 0402.10.50, 0402.21.25, and similar dairy products, it is crucial to consider the specific states involved. Unfortunately, the available data does not provide information on the importing and exporting US states. However, it is essential to consult the relevant trade documents and regulations to determine the specific states involved in the import or export process.
HS code 99140421 encompasses BH goods in subheading 0402.10.50, 0402.21.25, and similar dairy products subject to note 6 TRQ. This comprehensive guide has provided insights into the product description, bound/MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code. By understanding the details of HS code 99140421, importers, exporters, and traders can ensure compliance with trade regulations and make informed decisions in their international trade activities.