The Harmonized System (HS) Code 99151210 refers to a specific product category known as NI or SV goods in subheading 1202.10.80. This code is essential for international trade as it helps classify and identify goods for customs purposes, ensuring smooth and regulated cross-border transactions.
When analyzing the HS Code 99151210, it is crucial to understand the various components that make up the product description. In this case, the product falls under subheading 1202.10.80, which signifies a specific category within the broader classification system.
One important aspect to note regarding this HS Code is the mention of "note 12(b) limits." This indicates that there are specific regulations or restrictions imposed on the import or export of goods falling under this code. It is essential for traders and businesses to be aware of these limitations to ensure compliance with international trade regulations.
Another crucial factor to consider when dealing with HS Codes is the bound or Most Favored Nation (MFN) duty rate. The MFN principle dictates 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 ensures fair and non-discriminatory trade practices among nations.
The quantity unit for HS Code 99151210 is not available (NA). This means that the specific unit of measurement for the goods falling under this code is not specified or standardized. Traders and businesses must consult additional documentation or regulations to determine the appropriate quantity unit for their specific product.
Additionally, HS Code 99151210 may be eligible for special tariff preference programs. In this case, the specific program is the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus), which offers a tariff preference of 163.8%. This program aims to promote trade and economic cooperation between the United States and the Dominican Republic as well as the Central American countries.
It is important to note that the application of special tariff preference programs may vary depending on the importing and exporting US states. Traders and businesses must be aware of the specific regulations and requirements imposed by each state to ensure compliance with the applicable tariff programs.
HS Code 99151210 refers to NI or SV goods in subheading 1202.10.80 subject to note 12(b) limits. Traders and businesses dealing with goods falling under this code must consider the bound or MFN duty rate, quantity unit, and any applicable special tariff preference programs. Staying informed and complying with international trade regulations is crucial for successful and compliant cross-border trade.