In international trade, HS codes are used to classify products for customs and statistical purposes. HS Code 99140474 refers to a specific category of goods known as BH goods. BH goods are further categorized under subheadings 0406.10.38, 0406.20.39, 0406.20.71, 0406.30.38, 0406.30.71, 0406.90.54, or 0406.90.84, with a special note 8 TRQ.
When it comes to trade, countries often set tariffs or duties on imported goods to protect domestic industries or generate revenue. The Bound / MFN (Most Favored Nation) duty rate associated with HS Code 99140474 indicates the rate at which these goods are taxed when imported. It is worth noting that whenever a country lowers a trade barrier or opens up a market, it must do so for all its trading partners equally.
The quantity unit for HS Code 99140474 is not available (NA). This means that the specific quantity of goods is not defined or standardized under this code. The absence of a quantity unit suggests that the classification of BH goods under this HS code is based on other criteria such as product type or origin.
Special tariff preference programs may also apply to BH goods under HS Code 99140474. In this case, the special rate for importing these goods is $1.08 per kilogram (BH). This preferential rate is specific to Bahrain and offers a competitive advantage for traders importing BH goods into the country.
It is important to note that HS Code 99140474 applies to both importing and exporting US states. This means that the classification and regulations associated with BH goods under this code are relevant for both US states involved in the trade.
Overall, HS Code 99140474 provides a comprehensive classification for BH goods, specifically those falling under subheadings 0406.10.38, 0406.20.39, 0406.20.71, 0406.30.38, 0406.30.71, 0406.90.54, or 0406.90.84. The Bound / MFN duty rate ensures fair trade practices, while the special tariff preference programs offer advantages for importing BH goods into Bahrain. Understanding and adhering to the regulations associated with this HS code is crucial for traders and officials involved in international trade.