Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 99150494

The HS Code 99150494 refers to DR-CAFTA member goods in categories 0406.10.48, 0406.20.48, 0406.20.75, and similar cheese articles over note 10(a) or 10(b) limits. This code is used to classify and identify specific products for international trade purposes.

When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) is an internationally recognized system that assigns a unique code to each product. These codes facilitate the smooth flow of goods across borders and help governments, businesses, and individuals understand the nature of the products being traded.

The HS Code 99150494 specifically applies to DR-CAFTA member countries and includes goods in the categories mentioned above. DR-CAFTA stands for the Dominican Republic-Central America Free Trade Agreement, which is a regional trade agreement between the United States, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic.

Now, let's break down the information provided about this HS Code:

• Product description: The products classified under this HS Code are cheese articles that fall under the categories 0406.10.48, 0406.20.48, 0406.20.75, and similar articles that exceed note 10(a) or 10(b) limits.
• Bound / MFN duty rate: This refers to the duty rate imposed on these goods when traded between countries. It states that 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. This ensures fair and equal treatment in international trade.
• Quantity unit: The quantity unit for this HS Code is not available (NA), which means that the specific unit of measurement for these goods is not specified.
• Special tariff preference programs: This HS Code is associated with a special tariff preference program known as the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). Under this program, the duty rate for these goods is $2.146 per kilogram (P+).
• Importing US states: This information is not provided in the given data.
• Exporting US states: This information is not provided in the given data.

HS Codes play a crucial role in international trade by providing a standardized classification system for goods. They help customs authorities, businesses, and individuals identify, track, and regulate the movement of specific products. The HS Code 99150494 specifically applies to DR-CAFTA member goods in the cheese category, and it is important for importers, exporters, and trade professionals to be familiar with this code when engaging in trade activities within the DR-CAFTA region.

Understanding the HS Code and its associated details allows traders to comply with trade regulations, determine applicable duty rates, and take advantage of special tariff preference programs such as the DR-CAFTA Plus Rate. By adhering to these regulations, businesses can ensure smooth and efficient trade operations while benefiting from reduced trade barriers and increased market opportunities.