When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying goods and facilitating smooth import and export procedures. In this article, we will delve into the details of HS Code 99150472, specifically focusing on GT, NI or SV goods in subheadings 1901.10.30, 1901.10.40, 1901.10.75 or 1901.10.85 over U.S. Note 8(a) or 8(b) limits.
GT, NI or SV goods refer to products originating from Guatemala (GT), Nicaragua (NI), or El Salvador (SV). The subheadings 1901.10.30, 1901.10.40, 1901.10.75, and 1901.10.85 are part of the broader HS Code 1901, which covers food preparations consisting of flour, meal, starch, or malt extract.
U.S. Note 8(a) or 8(b) limits indicate certain restrictions or conditions imposed by the United States on the importation of goods falling under the mentioned subheadings. These limits may include quantity restrictions, quality standards, or other trade barriers.
One of the key aspects to consider when dealing with HS Code 99150472 is the bound or most-favored-nation (MFN) duty rate. The MFN duty rate ensures that whenever 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 nations involved in international trade.
Unfortunately, the specific quantity unit for HS Code 99150472 is not available (NA). This means that the exact measurement or unit of the goods in question is not specified in the provided data. However, it is important to note that quantity units are crucial in determining the volume or weight of imported or exported goods, which directly impacts customs duties and shipping logistics.
Furthermore, HS Code 99150472 is associated with a special tariff preference program. The applicable tariff for these goods is $1.035/kg plus 14.9%. This rate is specific to the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). The DR-CAFTA Plus program offers reduced tariffs and other trade benefits to eligible goods traded between the United States and participating countries in Central America.
Importing and exporting of goods under HS Code 99150472 are subject to various regulations and requirements, including those imposed by individual U.S. states and exporting countries. It is essential for importers and exporters to familiarize themselves with the specific rules and procedures governing trade in their respective jurisdictions.
HS Code 99150472 encompasses GT, NI or SV goods in subheadings 1901.10.30, 1901.10.40, 1901.10.75 or 1901.10.85 over U.S. Note 8(a) or 8(b) limits. Understanding the implications of this HS Code is vital for businesses engaged in international trade, as it determines the classification, duty rates, and eligibility for special tariff preference programs. Stay informed and compliant to ensure smooth and successful trade operations.