In international trade, the Harmonized System (HS) Code is used to classify products for import and export. Each HS Code corresponds to a specific product or group of products. In this article, we will be discussing HS Code 99140440, which represents BH goods in subheading 1517.90.60 over note 7 TRQ.
HS Code 99140440 belongs to the broader category of goods classified under subheading 1517.90.60. This subheading specifically pertains to certain edible mixtures or preparations of animal or vegetable fats or oils.
When importing or exporting goods, it is important to understand the duty rates associated with the HS Code. The bound duty rate refers to the maximum rate of duty that a country can impose on a particular product. On the other hand, the MFN (Most Favored Nation) duty rate is the rate applied to imports from most favored trading partners.
In the case of HS Code 99140440, the bound / MFN duty rate is determined by the country of import. It is a principle of international trade that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equitable treatment for all trading partners.
Unfortunately, the quantity unit for HS Code 99140440 is not available (NA). This means that the specific unit of measurement for the goods classified under this HS Code is not specified in the data provided.
Special tariff preference programs can provide certain benefits and incentives for imports. In the case of HS Code 99140440, there is a special rate of 20.5 cents per kilogram (kg) for goods imported from Bahrain (BH). This special rate is applicable to goods classified under this HS Code and originating from Bahrain.
When importing goods into the United States, it is important to consider the specific states involved in the trade. Similarly, when exporting goods from the United States, the destination states should be taken into account. The data provided does not specify the importing and exporting US states for HS Code 99140440.
HS Code 99140440 represents BH goods in subheading 1517.90.60 over note 7 TRQ. It is important to understand the duty rates, special tariff preference programs, and specific states involved in the import and export of goods classified under this HS Code. By following the guidelines and regulations associated with HS Code 99140440, businesses can ensure smooth and compliant international trade operations.