The Harmonized System (HS) Code 99140471 refers to specific goods falling under subheadings 0406.10.08, 0406.10.88, 0406.20.91, 0406.30.91, or 0406.90.97. These subheadings classify various products for international trade purposes, ensuring uniformity and clarity in global trade transactions.
When importing or exporting goods, it is crucial to understand the HS code assigned to them. The HS code serves as a standardized system for classifying products and facilitates the smooth flow of international trade. Each HS code corresponds to a specific product category, enabling customs authorities and traders worldwide to identify and classify goods accurately.
HS Code 99140471 encompasses BH goods falling under subheadings 0406.10.08, 0406.10.88, 0406.20.91, 0406.30.91, or 0406.90.97. The specific products included within this HS code vary, as they depend on the subheading under which they fall.
Subheading 0406.10.08 refers to certain cheeses, including fresh (unripened or uncured) cheese, whether or not grated or powdered. Subheading 0406.10.88 includes other cheeses, while subheading 0406.20.91 encompasses yoghurt and other fermented or acidified milk or cream. Subheading 0406.30.91 pertains to butter and other fats and oils derived from milk, while subheading 0406.90.97 includes other milk and cream products not elsewhere specified.
It is essential for traders and importers/exporters to accurately determine the specific subheading and HS code applicable to their goods to ensure correct classification and compliance with international trade regulations.
The bound / MFN (Most Favored Nation) duty rate associated with HS Code 99140471 is determined by international agreements and trade negotiations. It represents the maximum tariff rate that can be applied to the imported goods. Additionally, the bound / MFN duty rate ensures 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.
Understanding the bound / MFN duty rate is crucial for importers and exporters to assess the potential costs and profitability of their trade transactions. It helps in determining the competitiveness of certain products in specific markets and aids in making informed business decisions.
The quantity unit for goods classified under HS Code 99140471 is not available (NA). The absence of a specific quantity unit suggests that the measurement or pricing of the goods may differ based on the specific product category. It is advisable for traders to consult the relevant trade regulations and documentation to determine the appropriate quantity unit for their specific goods.
HS Code 99140471 qualifies for a special tariff preference program in the form of a rate of 90.5 cents/kg (BH). This special rate applies specifically to goods imported or exported by Bahrain. It is important for traders and importers/exporters dealing with BH goods under this HS code to take advantage of the special tariff preference program to maximize cost savings and enhance competitiveness in the Bahraini market.
Special tariff preference programs like the one mentioned above aim to promote trade and economic cooperation between countries. They provide preferential treatment to certain goods, such as reduced or eliminated tariffs, to facilitate bilateral or regional trade agreements.
HS Code 99140471 applies to goods imported and exported between various US states. The specific states involved in the import and export activities related to this HS code may vary and depend on the origin and destination of the goods.
Traders and businesses engaged in interstate trade within the United States must adhere to the relevant laws, regulations, and documentation required for importing and exporting goods. Additionally, understanding the specific HS code applicable to the goods is essential for accurate classification and compliance with US customs regulations.
HS Code 99140471 plays a crucial role in facilitating international trade transactions for specific goods falling under subheadings 0406.10.08, 0406.10.88, 0406.20.91, 0406.30.91, or 0406.90.97. Traders, importers, and exporters must familiarize themselves with this HS code and its associated details to ensure smooth and compliant trade operations. By understanding the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and the importing/exporting US states, businesses can make informed decisions and optimize their international trade activities.