Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 99140435: A Guide to BH Goods in Subheading 0403.10.50 over Note 7 TRQ

When it comes to international trade, the Harmonized System (HS) plays a crucial role in classifying products for customs purposes. The HS Code 99140435 relates to BH goods in subheading 0403.10.50, specifically referring to a certain type of product. In this article, we will delve into the details of this HS Code, explore its implications, and shed light on the relevant information related to it.

Product Description

The product description associated with HS Code 99140435 is BH goods in subheading 0403.10.50 over note 7 TRQ. Let's break this down to understand the specifics:

• BH goods: BH refers to a specific country, which in this case could stand for Bahrain.
• Subheading 0403.10.50: Subheadings are subdivisions of a broader product category. In this case, the product falls under subheading 0403.10.50, which further classifies it within a specific group of goods.
• Over note 7 TRQ: TRQ stands for Tariff Rate Quota, which is a trade policy tool used to regulate imports. Note 7 indicates a specific provision or condition related to the product's importation.

Bound / MFN Duty Rate

Bound / Most Favored Nation (MFN) duty rate refers to the rate of duty imposed on a product when a country lowers a trade barrier or opens up its market. The principle behind this concept is that if a country reduces tariffs or other trade barriers for a specific product, it must do so for all its trading partners equally.

Quantity Unit

The data provided does not specify a quantity unit for HS Code 99140435. This could imply that the product is not measured in traditional units such as kilograms or liters, or it may require further information to determine the appropriate quantity unit.

Special Tariff Preference Programs

In the case of HS Code 99140435, there is a special tariff preference program applicable to the product. The details of the program are as follows:

• 62.1 cents/kg + 10.2% (BH): This indicates the specific tariff rate applied to the product. It consists of a fixed amount per kilogram (62.1 cents) and a percentage rate (10.2%). The "BH" abbreviation indicates that this tariff rate is specific to Bahrain.
• Detail: Bahrain Special Rate - This additional information specifies that the tariff rate mentioned above is part of a special rate specifically designed for Bahrain.

Importing US States and Exporting US States

Unfortunately, the provided data does not include information regarding the specific importing and exporting US states related to HS Code 99140435. Knowing the states involved in the trade would provide further context and help understand the dynamics of the product's import and export.

HS Code 99140435 pertains to BH goods in subheading 0403.10.50 over note 7 TRQ. It is essential to understand the product description, duty rates, quantity units, and any special tariff preference programs associated with a specific HS Code. This information enables businesses and policymakers to navigate international trade regulations effectively and make informed decisions regarding imports and exports.