When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying goods and facilitating smooth transactions between countries. Each HS Code represents a specific product or group of products, ensuring clarity and uniformity in global trade. In this article, we will delve into the details of HS Code 99150454, which encompasses GT, NI, or SV goods in subheading 2202.90.28, subject to U.S. note 8(b) limits.
Product Description:
HS Code 99150454 covers goods from Guatemala (GT), Nicaragua (NI), or El Salvador (SV) that fall under subheading 2202.90.28. This subheading pertains to certain beverages, including non-alcoholic preparations for making beverages. It is important to note that these goods are subject to U.S. note 8(b) limits, which impose certain restrictions or conditions on their import or export.
Bound / MFN Duty Rate:
When it comes to trade barriers and market access, countries are expected to treat all their trading partners equally. This principle is known as the Most Favored Nation (MFN) principle, which means 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 Bound / MFN duty rate for HS Code 99150454 would be the applicable duty rate for these goods, which would be the same for all countries.
Quantity Unit:
In the provided data, the quantity unit for HS Code 99150454 is not available (NA). This could mean that the quantity of goods under this HS Code is not specifically defined or standardized. It is essential for importers and exporters to clarify the quantity unit with relevant authorities or consult trade regulations for a better understanding.
Special Tariff Preference Programs:
HS Code 99150454 may be eligible for special tariff preference programs that provide certain benefits or concessions to specific countries or regions. In this case, the special tariff preference program applicable to these goods is the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). The tariff rate for HS Code 99150454 under this program is 23.5 cents per liter plus 14.9% of the value. This preferential rate aims to promote trade and economic cooperation between the United States and the countries in the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) region.
Importing US States and Exporting US States:
HS Code 99150454 indicates that the goods covered by this code can be imported into and exported from various states in the United States. The specific states involved in the import and export of these goods may vary depending on market demand, availability, and trade agreements. Importers and exporters should consult with relevant authorities or trade associations to determine the specific states involved in the trade of HS Code 99150454 goods.
HS Code 99150454 represents GT, NI, or SV goods in subheading 2202.90.28, subject to U.S. note 8(b) limits. This HS Code plays a crucial role in classifying and facilitating the international trade of these goods. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the involved importing and exporting US states is essential for businesses engaged in trade related to HS Code 99150454.