When it comes to international trade, it is essential to have a standardized system in place to classify goods. This is where the Harmonized System (HS) code comes into play. The HS code is a globally recognized system used to classify products for customs and trade purposes. Each product is assigned a unique HS code, which helps in identifying the goods and determining the applicable duties and tariffs.
One such HS code is 99150445. This code is specifically related to GT, NI or SV goods in subheadings 1806.20.83 or 1806.20.89, subject to U.S. note 8(b) limits. Let's delve deeper into the details of this HS code and understand its implications.
The product description for HS Code 99150445 states that it applies to GT, NI, or SV goods in subheadings 1806.20.83 or 1806.20.89. This means that the code is relevant to goods from Guatemala (GT), Nicaragua (NI), or El Salvador (SV) falling under these specific subheadings.
Subheadings 1806.20.83 and 1806.20.89 refer to certain food preparations containing cocoa. These could include products like chocolate bars, chocolate spreads, or cocoa-based beverages. However, it is important to note that the specific details of the goods falling under this HS code may vary.
The bound / MFN (Most-Favored Nation) duty rate is an important aspect to consider when importing goods. This rate ensures that every time a country lowers a trade barrier or opens up a market, it applies the same rules for the same goods or services from all its trading partners.
Unfortunately, the specific bound / MFN duty rate for HS Code 99150445 is not available. It is crucial for importers and exporters to consult the official tariff schedules of respective countries or seek guidance from customs authorities to determine the applicable duty rate.
The quantity unit for HS Code 99150445 is mentioned as "not available" (NA). This indicates that there is no specific quantity unit associated with this HS code. The absence of a quantity unit implies that the classification and duty determination for goods falling under this code may not be based on quantity but rather on other factors such as value or weight.
HS Code 99150445 is eligible for a special tariff preference program known as the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). The specific tariff rate for this program is 52.8 cents per kilogram plus 8.5%.
The DR-CAFTA Plus program is designed to promote trade and economic integration between the United States and the participating countries in Central America and the Dominican Republic. It offers preferential tariff treatment to eligible goods, including those falling under HS Code 99150445.
When it comes to international trade, it is important to be aware of the specific states involved in importing and exporting goods. Unfortunately, the data provided for HS Code 99150445 does not include information on the importing and exporting US states. However, it is essential for traders to be aware of the specific states involved in their trade transactions, as it may impact various aspects such as transportation, documentation, and legal requirements.
HS Code 99150445 applies to GT, NI, or SV goods in subheadings 1806.20.83 or 1806.20.89, subject to U.S. note 8(b) limits. It is crucial for importers and exporters to understand the specific implications of this HS code, including the product description, duty rates, special tariff preference programs, and any additional requirements based on the countries involved in the trade. Consulting the official tariff schedules and seeking guidance from customs authorities is highly recommended to ensure compliance and successful international trade operations.