The HS code 99140475 refers to a specific category of goods known as BH goods in subheadings 0406.10.48, 0406.20.48, 0406.20.75, 0406.30.48, 0406.30.75, 0406.90.18 or 0406.90.88 over note 8 TRQ. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product description for HS code 99140475 indicates that it encompasses BH goods falling under specific subheadings, namely 0406.10.48, 0406.20.48, 0406.20.75, 0406.30.48, 0406.30.75, 0406.90.18, or 0406.90.88. These subheadings are part of a broader classification system that helps identify and categorize various products for trade and statistical purposes.
It is important to note that the inclusion of the term "BH" in the product description suggests a specific origin or characteristic related to Bahrain. This indicates that the goods falling under these subheadings are either produced or traded by Bahrain.
The bound / MFN (Most Favored Nation) duty rate is a term used to describe the maximum tariff rate that a country can impose on imported goods. It ensures that every time 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.
Unfortunately, the specific bound / MFN duty rate for HS code 99140475 is not available in the provided data. However, it is important to understand that duty rates play a crucial role in international trade, as they can either encourage or discourage the importation of goods.
The quantity unit for HS code 99140475 is not available (NA). This means that the data does not provide information about the specific unit of measurement used to quantify or measure the goods falling under this HS code. It is essential for accurate trade documentation and records to have a clear understanding of the quantity unit associated with a particular HS code.
HS code 99140475 is eligible for a special tariff preference program of $1.08/kg for goods imported from Bahrain (BH). This special rate indicates that Bahrain enjoys certain trade privileges or agreements that result in a reduced or preferential tariff rate for the specified BH goods falling under the mentioned subheadings.
It is worth noting that special tariff preference programs are often established to promote trade and economic cooperation between countries or regions. These programs can provide significant benefits to exporters, importers, and consumers by making imported goods more affordable and competitive in the market.
The data does not provide specific information about the importing and exporting US states for HS code 99140475. However, it is important to remember that the HS code system is used globally for the classification of goods. Therefore, this HS code can be applicable to any country, including the United States.
When importing goods into the United States, it is essential to comply with the relevant customs regulations and requirements. The accurate classification of goods using the appropriate HS code is crucial for determining the applicable duty rates, trade agreements, and any special programs or preferences that may be available.
HS code 99140475 represents a category of BH goods falling under specific subheadings. While the provided data is limited, this article has provided an overview of the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and highlighted the importance of accurate classification and compliance when importing or exporting goods.