Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 99150440: GT, NI or SV goods in subheading 1517.90.60 subject to U.S. note 8(b) limits

When it comes to international trade, the use of standardized codes is crucial for identifying and classifying goods. One such code is the Harmonized System (HS) code, which is used worldwide to classify products for customs and statistical purposes. In this article, we will be exploring HS Code 99150440 and its corresponding product description, bound duty rate, quantity unit, and special tariff preference programs.

Product Description

HS Code 99150440 refers to GT, NI, or SV goods in subheading 1517.90.60, which are subject to U.S. note 8(b) limits. Let's break down this product description further:

• GT: This stands for Guatemala, a country known for its agricultural products such as coffee, sugar, and bananas.
• NI: This represents Nicaragua, which is also known for its agricultural exports, including coffee, beef, and seafood.
• SV: This abbreviation stands for El Salvador, a country with a diverse economy that includes industries such as textiles, agriculture, and manufacturing.
• Subheading 1517.90.60: This specific subheading under HS Code 99150440 further classifies the goods. Unfortunately, the data does not provide specific details about the nature of these goods.

Bound / MFN Duty Rate

The bound duty rate refers to the maximum tariff rate that a country can apply to imported goods. In the case of HS Code 99150440, the bound duty rate is not specified in the given data. However, it is important to note that the bound duty rate 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. This principle is known as the Most-Favored Nation (MFN) treatment.

Quantity Unit

Unfortunately, the given data does not provide information about the quantity unit for HS Code 99150440. It is denoted as "not available" (NA). The quantity unit helps in determining the quantity or volume of goods being traded, such as kilograms, liters, or pieces.

Special Tariff Preference Programs

Despite the lack of specific details about the bound duty rate and quantity unit, the data does mention a special tariff preference program for HS Code 99150440. It states that the rate for this code is 34.2 cents per kilogram (34.2cents/kg) under the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus).

The DR-CAFTA Plus is a trade agreement between the United States and several Central American countries, including the Dominican Republic. It aims to promote economic integration and free trade by reducing tariffs and other trade barriers. Under this program, goods classified under HS Code 99150440 can benefit from a lower tariff rate of 34.2 cents per kilogram when imported into the United States.

Importing and Exporting US States

Unfortunately, the given data does not provide information about the specific importing and exporting US states for HS Code 99150440. However, it is important to remember that the HS code is used globally and is not limited to any specific country or region. Therefore, goods classified under this code can be imported or exported from any US state to any other US state or international destination.

HS Code 99150440 represents GT, NI, or SV goods in subheading 1517.90.60, subject to U.S. note 8(b) limits. While the data provided is somewhat limited, we have gained insights into the product description, the concept of bound duty rates, the absence of a specified quantity unit, and the existence of a special tariff preference program under the DR-CAFTA Plus. Understanding and correctly classifying HS codes is essential for efficient and accurate international trade.