The HS Code 99140442 refers to a specific product category in international trade. Understanding the HS Code and its associated data is crucial for importers, exporters, and customs officials to accurately classify and regulate goods during the trading process.
The product description for goods falling under HS Code 99140442 is BH goods in subheading 1806.20.26, 1806.20.36, 1806.32.06, or 1806.32.16 over note 7 TRQ. This means that the goods included in this category are related to specific subheadings within the broader category of 1806.20.26, 1806.20.36, 1806.32.06, or 1806.32.16.
One important aspect of international trade is the bound or most-favored-nation (MFN) duty rate. This rate determines the amount of duty or tax that needs to be paid when importing or exporting goods. The principle behind the bound/MFN duty rate is that whenever 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 ensures fair and non-discriminatory trade practices.
Unfortunately, the quantity unit for goods classified under HS Code 99140442 is not available (NA). This means that the specific unit of measurement for these goods is not specified in the data provided. Importers or exporters dealing with these goods should consult with relevant authorities or seek further information to determine the appropriate quantity unit for accurate trading.
Additionally, there are special tariff preference programs applicable to goods falling under HS Code 99140442. The specific tariff rate for these goods is 22.3 cents/kg + 2.5% (BH). The detail provided states that this rate is the Bahrain Special Rate, indicating that Bahrain has a specific tariff preference program for these goods. Importers or exporters dealing with goods under this HS Code should take advantage of this program to benefit from reduced tariff rates.
Importing and exporting of goods under HS Code 99140442 can involve various US states. The specific states involved in importing or exporting these goods are not mentioned in the provided data. However, it is important for traders to be aware of the specific regulations and requirements of the US states involved in order to comply with local laws and ensure smooth trade operations.
the HS Code 99140442 represents a specific category of goods in international trade. Understanding the product description, bound/MFN duty rate, quantity unit, special tariff preference programs, and the involvement of specific US states is crucial for importers, exporters, and customs officials to facilitate trade operations efficiently and effectively.