When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and classifying products. In this article, we will delve into the details of HS Code 99140478 and explore its various aspects.
HS Code 99140478 encompasses BH goods falling under the subheadings 0406.10.78, 0406.20.87, 0406.30.87, 0406.90.94, or 1901.90.36. These subheadings refer to specific categories of products, such as food preparations containing cocoa, edible fats, and oils of animal or vegetable origin. The inclusion of these subheadings in the HS Code indicates that the product falls within these classifications.
Bound or Most Favored Nation (MFN) duty rate refers to the tariff rate set by a country for imported goods. It is important to note that whenever 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. This principle ensures fairness and equal treatment in international trade.
Unfortunately, the specific quantity unit for HS Code 99140478 is not available (NA). This means that the code does not provide information regarding the unit of measurement for the product. To determine the quantity of goods, additional specifications or documentation may be required.
For HS Code 99140478, a special tariff preference program exists, offering a rate of 67.6 cents per kilogram (BH). This means that goods falling under this code can benefit from a reduced tariff rate of 67.6 cents per kilogram when imported into participating countries. The abbreviation "BH" signifies Bahrain, indicating that this special rate applies specifically to imports from or to Bahrain.
HS Code 99140478 is relevant for both importing and exporting US states. This means that goods falling under this code can be imported into or exported from any state within the United States. The code serves as a universal identifier, facilitating smooth trade transactions between different states.
HS Code 99140478 encompasses BH goods falling under specific subheadings related to food preparations and edible fats or oils. The code provides information about bound or MFN duty rates, special tariff preference programs, and the inclusion of importing and exporting US states. Understanding the HS Code system is essential for efficient international trade, ensuring proper classification and documentation of products.