When it comes to international trade, harmonized system (HS) codes play a crucial role in classifying goods for customs and statistical purposes. In this article, we will delve into the details of HS Code 99145220, which specifically pertains to BH goods falling under subheading 5201.00.18, 5201.00.28, 5201.00.38, 5201.00.80, or 5203.00.30 over note 12 TRQ.
The HS Code 99145220 encompasses a wide range of goods, primarily textiles, that are imported or exported by different countries. Let's explore some key aspects related to this HS code.
HS Code 99145220 covers BH goods within subheadings 5201.00.18, 5201.00.28, 5201.00.38, 5201.00.80, or 5203.00.30 over note 12 TRQ. These subheadings specifically pertain to various textile products. The detailed descriptions of these goods are as follows:
These products are subject to specific regulations and trade requirements, ensuring proper classification for accurate customs procedures.
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. This principle, known as the Most Favored Nation (MFN) principle, ensures non-discrimination in international trade. The bound duty rate refers to the maximum tariff rate agreed upon by a country under the World Trade Organization (WTO) and applies to all its trading partners.
For HS Code 99145220, the specific bound / MFN duty rate may vary depending on the country and the specific textile product being imported or exported. It is essential to consult the customs authority or relevant trade agreements to determine the applicable duty rate for BH goods falling under this HS code.
The quantity unit for HS Code 99145220 is not available (NA). It is important to note that the absence of a quantity unit does not imply that the goods are not quantifiable or measurable. Instead, it suggests that the specific unit of measurement may vary depending on the textile product being traded.
Under special tariff preference programs, certain countries may offer reduced duty rates or exemptions for specific goods. For HS Code 99145220, Bahrain (BH) provides a special rate of 18.8 cents per kilogram (kg). It is important for importers and exporters to be aware of these preferential programs to take advantage of reduced tariff rates and enhance trade relations.
It is advisable to consult the relevant trade agreements, such as free trade agreements or bilateral agreements, to determine the eligibility criteria and requirements for accessing special tariff preference programs for BH goods falling under this HS code.
While HS Code 99145220 applies to goods traded internationally, it is also relevant to understand the specific importing and exporting US states involved in the trade of BH goods falling under this HS code.
For importers in the United States, various states engage in the importation of BH goods classified under HS Code 99145220. These states include but are not limited to:
Similarly, when it comes to exporting BH goods from the United States to other countries, different states play a significant role. Some of the exporting US states for HS Code 99145220 include:
Understanding the specific states involved in the import and export of BH goods falling under this HS code can provide valuable insights for market analysis, logistics planning, and trade negotiations.
HS Code 99145220 encompasses BH goods falling under subheading 5201.00.18, 5201.00.28, 5201.00.38, 5201.00.80, or 5203.00.30 over note 12 TRQ. It is crucial for importers, exporters, and trade professionals to have a comprehensive understanding of the product description, duty rates, quantity units, special tariff preference programs, and the specific importing and exporting US states associated with this HS code. By adhering to the regulations and leveraging relevant trade agreements, businesses can navigate international trade successfully and foster economic growth.