When it comes to international trade, it is essential to have a standardized system that classifies goods and services. The Harmonized System (HS) Code is an internationally recognized system used for this purpose. Each product is assigned a unique HS Code, which allows countries to classify and track imports and exports accurately.
HS Code 99150464 refers to GT, NI, or SV goods in subheading 1517.90.60. Let's dive deeper into what this code entails and the relevant information associated with it.
Product description: GT, NI, or SV goods in subheading 1517.90.60 over U.S. note 8(a) or 8(b) limits
The product description provides specific details about the goods that fall under this HS Code. In this case, it refers to goods from Guatemala (GT), Nicaragua (NI), or El Salvador (SV) in subheading 1517.90.60. It is important to note that these goods exceed the limits set by U.S. note 8(a) or 8(b).
Bound / MFN duty rate: 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
The bound / MFN (Most Favored Nation) duty rate is an essential factor in international trade. It ensures that countries treat all their trading partners equally when it comes to trade barriers and market access. Anytime a country decides to lower a trade barrier or open up a market, it must apply these changes universally to all its trading partners for the same goods or services.
Quantity unit: Not available (NA)
Unfortunately, the specific quantity unit for goods falling under HS Code 99150464 is not available (NA). However, it is crucial to accurately determine the quantity of goods being imported or exported during international trade transactions.
Special tariff preference programs: 34.2 cents/kg (P+)
Under this HS Code, there is a special tariff preference program known as the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). This program offers a tariff rate of 34.2 cents per kilogram (34.2 cents/kg). It is important for importers and exporters to take advantage of such special tariff programs to reduce costs and enhance competitiveness in the international market.
Importing US states: [List of US states]
Since HS Code 99150464 is associated with specific goods, it is relevant to identify the importing US states where these goods are being brought in. Unfortunately, the specific list of importing US states is not available in the provided data. However, it is crucial for businesses and traders to know the specific states where their goods are in demand or have a significant market presence.
Exporting US states: [List of US states]
Similarly, it is essential to identify the exporting US states that are involved in the trade of goods falling under HS Code 99150464. Unfortunately, the specific list of exporting US states is not available in the provided data. Understanding the exporting states helps businesses and traders identify potential markets and establish trade relationships accordingly.
HS Code 99150464 refers to GT, NI, or SV goods in subheading 1517.90.60 that exceed the U.S. note 8(a) or 8(b) limits. This code is crucial for classifying and tracking these specific goods during international trade. It is important for businesses and traders to understand the associated duty rates, special tariff preference programs, and the importing and exporting US states to make informed decisions and maximize their trade opportunities.