The HS Code 99150489 refers to DR-CAFTA member goods in subheading 0406.90.48 that are subject to Note 10(b) limits. This article aims to provide a comprehensive understanding of this HS code and its implications on international trade. Let's delve into the details of this code and explore its various aspects.
The product description associated with HS Code 99150489 pertains to goods falling under subheading 0406.90.48. It is important to note that this code specifically applies to DR-CAFTA member countries. Subheading 0406.90.48 represents a specific category of goods within the broader classification system. Understanding the product description is crucial for importers, exporters, and trade officials dealing with goods falling under this HS code.
The bound / most-favored-nation (MFN) duty rate is an essential aspect of international trade. It refers to the maximum level of tariff or duty that can be applied to a specific product. The concept of MFN dictates that once a country lowers a trade barrier or opens up a market, it must do so for all its trading partners. This ensures fairness and equal treatment in international trade. The bound / MFN duty rate associated with HS Code 99150489 determines the maximum duty that can be imposed on goods falling under this code.
The quantity unit for HS Code 99150489 is not available (NA). This indicates that the specific unit of measurement for the goods falling under this code is not specified or may vary depending on the nature of the product. Importers and exporters should consult the relevant documentation or trade authorities to determine the appropriate quantity unit for their specific goods.
HS Code 99150489 is eligible for special tariff preference programs. Specifically, the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus) applies to goods falling under this code. The tariff rate under this program is $1.877 per kilogram (kg). It is important for traders to take advantage of such preferential programs to reduce their import/export costs and enhance competitiveness in the market.
HS Code 99150489 is relevant for both importing and exporting US states. The specific goods falling under this code can be imported into or exported from various states within the United States. Importers and exporters should be aware of the specific regulations, documentation requirements, and customs procedures applicable to their respective states when dealing with goods falling under this HS code.
HS Code 99150489 represents DR-CAFTA member goods in subheading 0406.90.48 subject to Note 10(b) limits. This code is crucial for importers, exporters, and trade officials involved in international trade. Understanding the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and the importing/exporting US states is essential for smooth trade operations. By adhering to the regulations and leveraging preferential programs, traders can optimize their business activities and maximize their competitiveness in the global market.