HS Code 99140452 represents a specific category of goods known as BH goods in subheading 2106.90.09. In this article, we will explore the details of this HS Code and provide important information regarding its product description, duty rates, quantity unit, and special tariff preference programs. Let's dive in!
The product description associated with HS Code 99140452 refers to BH goods in subheading 2106.90.09 over note 7 TRQ. This indicates that the goods fall under the jurisdiction of Bahrain (BH) and are classified under subheading 2106.90.09.
Subheading 2106.90.09 is a specific classification within the Harmonized System (HS) that provides further details about the nature and characteristics of the goods. It is important to note that the Harmonized System is an international standard for classifying traded products, enabling countries to have a common language for customs and trade purposes.
The bound / MFN (Most Favored Nation) duty rate is an essential aspect of international trade. It refers to the rate at which countries impose import duties on specific goods. In the case of HS Code 99140452, the duty rate remains the same for all trading partners of a country.
Whenever a country lowers a trade barrier or opens up a market, it is obligated to do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment among countries participating in international trade.
Unfortunately, the quantity unit for HS Code 99140452 is not available (NA). This means that the specific unit of measurement for this particular category of goods has not been specified or disclosed in the available data.
It is crucial for importers and exporters to have clarity on the quantity unit as it helps in determining the volume or weight of goods being traded, facilitating accurate pricing, logistics, and compliance with relevant regulations.
HS Code 99140452 is subject to a special tariff preference program known as the Bahrain Special Rate. Under this program, the applicable duty rate for the goods is 51.7 cents per kilogram (51.7cents/kg).
This special rate is specific to trade between Bahrain and its trading partners. It offers a preferential treatment scheme aimed at promoting trade between the involved countries, encouraging economic growth, and enhancing cooperation.
While the available data does not provide information on the specific importing and exporting US states for HS Code 99140452, it is important to note that the Harmonized System and HS Codes are globally recognized and utilized by countries worldwide.
For any trade involving the United States, importers and exporters would need to comply with the relevant customs and trade regulations of the country. This includes accurate classification of goods using the appropriate HS Code, adherence to duty rates, and compliance with documentation and licensing requirements.
HS Code 99140452 represents BH goods in subheading 2106.90.09. This comprehensive article has explored the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and the significance of HS Codes in international trade. Understanding these details is crucial for importers, exporters, and trade professionals to facilitate smooth and compliant trade operations.