The HS Code 99150431 refers to GT, NI or SV goods in subheading 0402.29.50 that are subject to U.S. note 8(b) limits. This code is used for international trade purposes to classify and identify specific goods. 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 99150431 is GT, NI or SV goods in subheading 0402.29.50. This indicates that the goods belong to either Guatemala (GT), Nicaragua (NI), or El Salvador (SV), and fall under the subheading 0402.29.50. Subheadings are further divisions within a HS code that provide more specific details about the goods.
The bound / MFN (Most Favored Nation) duty rate is a tariff rate applied to imports. It ensures that every time 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. The specific bound / MFN duty rate for HS Code 99150431 is not provided in the available data.
The quantity unit for HS Code 99150431 is not available (NA). This means that the data does not specify the unit of measurement for the quantity of goods being imported or exported under this HS code. It could be kilograms, liters, pieces, or any other relevant unit depending on the nature of the goods.
For HS Code 99150431, there is a special tariff preference program in place. The specific details of the program are as follows:
The tariff rate for goods under HS Code 99150431 is $1.104 per kilogram plus an additional 14.9% of the value. This rate applies specifically to the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus) program. This program provides preferential treatment to eligible goods from the Dominican Republic and Central American countries, including Guatemala, Nicaragua, and El Salvador.
The available data does not provide information about the importing and exporting U.S. states for goods under HS Code 99150431. However, it is important to note that international trade involves the movement of goods between different countries and regions. The importing and exporting U.S. states play a crucial role in facilitating trade and ensuring compliance with regulations and customs procedures.
HS Code 99150431 represents GT, NI or SV goods in subheading 0402.29.50 subject to U.S. note 8(b) limits. This code is used for classification and identification purposes in international trade. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for businesses and individuals involved in import and export activities.