When it comes to international trade, the Harmonized System (HS) codes play a crucial role in categorizing and identifying products. The HS Code 99140450 specifically pertains to BH goods falling under subheading 1901.90.43 or 1901.90.47 over note 7 TRQ. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.
The product description for HS Code 99140450 refers to BH goods falling under subheading 1901.90.43 or 1901.90.47 over note 7 TRQ. The subheadings provide further specification for the type of goods being traded. It is important to note that BH stands for Bahrain, indicating that these goods are either imported from or exported to Bahrain.
Bound / MFN duty rate is a term used in international trade to refer to the duty rate levied on imported goods. In simpler terms, it is the tax or fee imposed on goods when they cross international borders. The principle of bound / MFN duty rate ensures that every country must apply the same duty rate for the same goods or services from all its trading partners. This promotes fair and equal treatment in international trade.
Unfortunately, the data available for HS Code 99140450 does not specify a quantity unit. This could mean that the quantity of goods traded under this HS code is not applicable or not provided in the available data. It is important to have accurate quantity units to determine the volume or weight of goods being traded.
In the case of HS Code 99140450, there is a special tariff preference program applicable. The tariff rate for these goods is 62.1 cents per kilogram plus 8.1%. This rate applies specifically to Bahrain (BH). It is important to understand and take advantage of special tariff preference programs, as they can offer cost advantages and promote trade between specific countries.
Unfortunately, the available data does not provide information about the specific US states involved in importing or exporting goods under HS Code 99140450. However, it is worth noting that the HS code system is used globally to categorize and track traded goods. Therefore, this code can be used by any country, including the United States, to identify and regulate the import and export of BH goods falling under subheading 1901.90.43 or 1901.90.47 over note 7 TRQ.
HS Code 99140450 is used to identify and regulate BH goods falling under subheading 1901.90.43 or 1901.90.47 over note 7 TRQ. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code is essential for businesses and individuals involved in international trade. By adhering to the principles of fair trade and taking advantage of special tariff preferences, countries can foster economic growth and promote mutually beneficial trade relationships.