The Harmonized System (HS) Code 99150447 refers to a specific category of goods in subheadings 1806.32.80, 1806.90.10, 1806.90.20, or 1806.90.30, which are subject to U.S. note 8(b) limits. These goods are primarily related to GT (Guatemala), NI (Nicaragua), or SV (El Salvador), and understanding the implications of this HS code is essential for importers and exporters involved in trade with these countries.
One significant aspect to consider when dealing with HS Code 99150447 is the bound / Most Favored Nation (MFN) duty rate. This 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 promotes fair and equal treatment among countries and prevents discriminatory practices.
In relation to HS Code 99150447, the quantity unit is not available (NA). This means that the specific unit of measurement for these goods is not specified or relevant for customs purposes. It is important to consult additional documentation or seek clarification from customs authorities regarding the appropriate quantity unit for this particular HS code.
Under HS Code 99150447, the special tariff preference program applicable is the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). This program offers a tariff rate of 52.8 cents per kilogram plus 6% for the specified goods. Importers and exporters dealing with GT, NI, or SV goods falling under this HS code can take advantage of this preferential tariff rate, which promotes trade facilitation and regional economic integration.
HS Code 99150447 is relevant for importers and exporters involved in trade between the United States and GT, NI, or SV. It is important to consider the specific regulations and requirements applicable to the importing and exporting states within the United States. Each state may have its own additional regulations or specific documentation requirements for goods falling under this HS code. Importers and exporters should familiarize themselves with these state-specific guidelines to ensure compliance with all applicable laws and regulations.
HS Code 99150447 encompasses GT, NI, or SV goods in subheadings 1806.32.80, 1806.90.10, 1806.90.20, or 1806.90.30, subject to U.S. note 8(b) limits. Understanding the bound / MFN duty rate, quantity unit, special tariff preference programs, and state-specific regulations is crucial for importers and exporters engaged in trade with these countries. By adhering to these guidelines, businesses can navigate the complexities of international trade and maximize their opportunities for success.