The Harmonized System (HS) code is an internationally recognized system for classifying traded goods. It is used by customs officials and trade professionals to determine the applicable tariffs, taxes, and regulations for specific products. HS Code 99150455 specifically refers to GT, NI or SV goods in subheading 0402.29.50 that exceed the limits set by U.S. note 8(a) or 8(b).
Subheading 0402.29.50 covers milk and cream, concentrated or containing added sugar or other sweetening matter. GT, NI, and SV are abbreviations for Guatemala, Nicaragua, and El Salvador, respectively. Therefore, HS Code 99150455 pertains to milk and cream products from these countries that fall under this specific subheading and exceed the limits established by U.S. note 8(a) or 8(b).
When it comes to trade barriers and market access, countries have various agreements and policies in place. The Most Favored Nation (MFN) principle 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 non-discriminatory trade practices.
The quantity unit for HS Code 99150455 is not available (NA), indicating that the specific unit of measurement for this product is unspecified or not applicable in this context. It is important to consider the appropriate unit when dealing with customs procedures and documentation for importing or exporting goods.
Special tariff preference programs may also apply to HS Code 99150455. In this case, the tariff rate is $1.104/kg plus 14.9%. This rate is specifically associated with the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). The DR-CAFTA Plus program provides preferential tariff treatment for eligible goods imported from participating countries in the Central America and Dominican Republic region.
When it comes to importing HS Code 99150455 goods into the United States, it is essential to consider the specific requirements and regulations of the exporting and importing states. Each state may have its own additional regulations, taxes, or licensing requirements that need to be followed to ensure compliance with local laws.
Similarly, when exporting HS Code 99150455 goods from the United States, it is important to be aware of the regulations and requirements of the destination country. Understanding the customs procedures, import duties, and any special programs or preferences can help facilitate smooth trade transactions and ensure compliance with international trade regulations.
HS Code 99150455 serves as a crucial identifier for GT, NI, or SV goods falling under subheading 0402.29.50 that exceed U.S. note 8(a) or 8(b) limits. By understanding the specific details and implications of this HS code, importers and exporters can navigate the complex world of international trade more effectively and efficiently.