When it comes to international trade, it is essential to have a standardized system for classifying goods. This is where the Harmonized System (HS) Code comes into play. HS codes are used worldwide to classify products for customs and statistical purposes.
The HS Code 99150417 refers to specific goods falling under subheadings 0405.90.20 of the Harmonized System. These goods can be categorized as CR (Costa Rica), HN (Honduras), NI (Nicaragua), or SV (El Salvador) origin.
It is important to note that these goods are subject to certain limits specified in U.S. Note 6(a) or 6(b). These limits determine the quantity or value of goods that can be imported under specific conditions.
When importing or exporting goods under HS Code 99150417, it is crucial to understand the relevant duty rates. The bound or Most Favored Nation (MFN) duty rate is the rate applied to a product every time a country lowers a trade barrier or opens up a market. This rate ensures that the same goods or services from all trading partners are treated equally. The specific duty rate for HS Code 99150417 may vary based on the country and trade agreements in place.
The quantity unit for goods classified under HS Code 99150417 is not available (NA). This means that the unit of measurement for these goods is not specified or may vary depending on the specific product.
There are also special tariff preference programs applicable to goods falling under HS Code 99150417. One such program is the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). Under this program, the tariff rate is $1.865/kg plus 8.5%. This preferential treatment aims to promote trade and economic cooperation between the United States and the participating countries.
Importing and exporting goods under HS Code 99150417 involves various U.S. states as both importers and exporters. The specific states involved may vary depending on the origin and destination of the goods.
HS Code 99150417 refers to CR, HN, NI, or SV goods falling under subheadings 0405.90.20 over U.S. Note 6(a) or 6(b) limits. Understanding the HS code and its associated regulations is crucial for international trade and customs compliance. Importers and exporters should be aware of the duty rates, special tariff preference programs, and specific requirements associated with this HS code to ensure smooth and compliant trade operations.