When it comes to international trade, understanding the Harmonized System (HS) Code is crucial. The HS Code acts as a universal classification system for goods and products traded across borders. In this article, we will delve into the details of HS Code 99140433, specifically focusing on BH goods in subheading 0402.99.45 or 0402.99.55 over Note 7 TRQ.
Product Description:
Understanding the product description is essential for importers and exporters. In this case, BH goods refer to products originating from Bahrain. The subheading 0402.99.45 or 0402.99.55 provides further classification within the broader category, allowing for more accurate identification and documentation.
Bound/MFN Duty Rate:
The bound/MFN duty rate is an important factor in international trade. It ensures that countries maintain consistent trade policies and do not discriminate against specific trading partners. By adhering to the bound/MFN principle, countries create a fair and level playing field for all participants.
Quantity Unit:
The absence of a specific quantity unit suggests that the product's measurement or quantity may vary based on individual circumstances. Importers and exporters must consult additional documentation or seek clarification from relevant authorities to determine the appropriate measurement for their specific situation.
Special Tariff Preference Programs:
Special tariff preference programs provide certain countries or regions with preferential treatment in terms of tariff rates. In the case of HS Code 99140433, BH goods are eligible for a special rate of 29.7 cents per kilogram under Bahrain's special tariff preference program. This program aims to promote trade and strengthen economic ties between Bahrain and its trading partners.
Importing US States:
Exporting US States:
As the data does not provide specific information on importing and exporting US states, we cannot provide a comprehensive list of states involved in the trade of BH goods under HS Code 99140433. However, it is important to note that the HS Code serves as a universal classification system applicable to trade between various countries and regions.
HS Code 99140433 pertains to BH goods in subheading 0402.99.45 or 0402.99.55 over Note 7 TRQ. This article provided an extensive overview of the HS Code, product description, bound/MFN duty rate, quantity unit, and special tariff preference programs associated with this code. Understanding these details is essential for importers, exporters, and trade professionals involved in international trade.