The HS Code 99150491 refers to DR-CAFTA member goods in subheadings 0406.10.18, 0406.20.28, and similar cheese articles over note 10(a) or 10(b) limits. This HS code is used to classify and identify specific types of cheese products that are traded among countries that are part of the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA).
When it comes to international trade, HS codes are crucial in ensuring accurate classification and efficient customs procedures. These codes help to standardize the identification of products, making it easier for countries to track and regulate trade activities.
The subheadings 0406.10.18 and 0406.20.28 refer to specific types of cheese products within the broader category of cheese. These subheadings provide further details and specifications regarding the type, composition, and processing methods of the cheese. By using these subheadings, importers and exporters can precisely identify and classify the cheese products they are trading.
It is important to note that the HS code 99150491 specifically applies to cheese articles that exceed the limits mentioned in note 10(a) or 10(b). These limits may pertain to factors such as the fat content, aging period, or other quality standards set by the DR-CAFTA agreement. Compliance with these limits ensures fair trade practices and maintains the integrity of the trade agreement.
When a country lowers a trade barrier or opens up a market, it is obligated to do so for the same goods or services from all its trading partners. This principle is known as the Most-Favored Nation (MFN) duty rate. It ensures that all countries participating in the trade agreement receive equal treatment and opportunities.
The quantity unit for the HS code 99150491 is not available (NA), indicating that the unit of measurement for the traded cheese products may vary depending on the specific subheadings and trade agreements. Importers and exporters should consult the relevant documentation and regulations to determine the appropriate quantity unit for their specific transactions.
Furthermore, the HS code 99150491 is eligible for special tariff preference programs. The specific program applicable to this code is the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). Under this program, the duty rate for the imported cheese products is $2.269/kg. This preferential tariff rate aims to promote trade and economic cooperation between the participating countries of the DR-CAFTA agreement.
Importing and exporting cheese products under HS code 99150491 involves various countries. The importing US states can include any state within the United States that receives cheese products classified under this HS code. The exporting US states, on the other hand, refer to the states within the United States that are responsible for exporting the cheese products to the DR-CAFTA member countries.
the HS code 99150491 is used to classify and identify DR-CAFTA member goods in specific cheese subheadings. This code ensures accurate classification, facilitates customs procedures, and promotes fair trade practices among the participating countries. Importers and exporters should be aware of the specific subheadings, quantity unit, MFN duty rate, and special tariff preference programs associated with this HS code to comply with the regulations and take advantage of the trade benefits provided by the DR-CAFTA agreement.