In the world of international trade, there are various codes and regulations that govern the import and export of goods. One such code is the HS Code, which stands for Harmonized System Code. The HS Code is a standardized system used globally to classify and define traded products.
HS Code 99150451 refers to a specific category of goods: GT, NI or SV goods in subheading 2105.00.40, subject to U.S. note 8(b) limits. Let's break down the information provided and explore what it means.
The product description for HS Code 99150451 specifies that it includes goods from GT, NI, or SV, which are abbreviations for Guatemala, Nicaragua, and El Salvador respectively. These goods fall under subheading 2105.00.40.
Subheading 2105.00.40 refers to food preparations that are suitable for infants or young children. These preparations can include milk-based products, cereal-based products, and other specialized foods for infants.
It is important to note that these goods are subject to U.S. note 8(b) limits. U.S. note 8(b) refers to certain restrictions or limitations imposed by the United States on the importation of specific goods. These limitations could include quotas, tariffs, or other trade barriers.
Every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This principle is known as the Most Favored Nation (MFN) treatment. It ensures that all trading partners receive equal treatment in terms of trade regulations.
The bound / MFN duty rate for HS Code 99150451 is not specified in the given data. The bound duty rate refers to the maximum tariff rate that a country can impose on imported goods. However, without further information, we cannot determine the exact duty rate for these goods.
The quantity unit for HS Code 99150451 is not available (NA) in the provided data. The quantity unit specifies the measurement or unit used to quantify the goods being traded. It could be kilograms, liters, pieces, etc. In this case, the specific quantity unit is not specified.
HS Code 99150451 is associated with a special tariff preference program known as the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). This program offers a tariff rate of 50.2 cents per kilogram plus 17% for the specified goods.
The DR-CAFTA Plus program is a trade agreement between the United States and several Central American countries, including the Dominican Republic, Guatemala, Nicaragua, and El Salvador. It aims to promote trade and economic cooperation by providing preferential tariff rates for eligible goods.
The data does not provide information on the specific importing and exporting U.S. states for HS Code 99150451. However, it is important to note that international trade involves the movement of goods between different countries and regions.
When importing goods into the United States, customs procedures and regulations vary depending on the specific state of entry. Similarly, when exporting goods from the United States, the procedures and regulations differ based on the state of origin.
HS Code 99150451 refers to GT, NI, or SV goods in subheading 2105.00.40 subject to U.S. note 8(b) limits. These goods are associated with the special tariff preference program DR-CAFTA Plus, which offers a specific tariff rate. While some details are missing from the provided data, understanding the HS Code and its associated information is crucial for international trade and compliance with trade regulations.