The HS code 99150415 refers to CR, HN or SV goods in subheading 0405.10.20 that exceed the limits set by U.S. Note 6(a) or 6(b). This code is used to classify and identify specific goods for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.
The product description for HS code 99150415 specifies that it includes CR, HN, or SV goods in subheading 0405.10.20. This subheading is part of the broader category of goods related to dairy produce, such as milk and cream, concentrated or containing added sugar or other sweetening matter.
CR stands for Cream, HN stands for Half-and-Half, and SV stands for Sweetened Condensed Milk. These goods are classified based on their composition and intended use.
The bound / MFN (Most Favored Nation) duty rate for HS code 99150415 is determined based on international trade agreements. 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. This ensures fair and equal treatment in international trade.
Specific duty rates for HS code 99150415 may vary depending on the country and trade agreements in place. It is essential for importers and exporters to consult the relevant tariff schedules and customs regulations to determine the applicable duty rates for their specific trade transactions.
The quantity unit for HS code 99150415 is not available (NA). This indicates that the specific quantity or measurement unit for these goods is not specified within the HS code. Importers and exporters should refer to additional documentation or trade agreements to determine the appropriate quantity units for their transactions.
HS code 99150415 has a special tariff preference program associated with it. The specific program is the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus) with a rate of $1.541/kg.
This program offers preferential tariff rates for eligible goods imported from or exported to the participating countries in the DR-CAFTA region. Importers and exporters should review the program's requirements and eligibility criteria to take advantage of the reduced tariff rates for HS code 99150415.
HS code 99150415 is applicable to goods being imported or exported from the United States. The specific importing and exporting states may vary depending on the trade transactions and parties involved. It is crucial for importers and exporters to accurately determine the origin and destination states to comply with customs regulations and documentation requirements.
Overall, HS code 99150415 classifies CR, HN, or SV goods in subheading 0405.10.20 that exceed the limits set by U.S. Note 6(a) or 6(b). Importers and exporters engaging in trade activities involving these goods should be aware of the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code. Consulting relevant trade resources, customs authorities, and legal experts is essential to ensure compliance and optimize international trade operations.