HS Code 99151230 refers to a specific classification for goods in international trade. It is important to understand the details and implications of this code to ensure proper import and export procedures. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 99151230.
The product description for HS Code 99151230 specifies that it includes NI (Non-Inner) or SV (Sub Viscose) goods in the subheading 1202.10.80. This indicates that the goods fall under a specific category related to their composition or characteristics. Note 12 (a) or 12(b) further limits the scope of the goods, ensuring that only certain types or quantities are included under this HS Code.
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 principle is known as the Bound or Most Favored Nation (MFN) duty rate. The duty rate for goods classified under HS Code 99151230 will be determined based on this principle. It is essential to consult specific trade agreements and regulations to determine the duty rate applicable to a particular country or trade partner.
The quantity unit for HS Code 99151230 is not available (NA). This means that the specific unit of measurement for these goods is not specified or standardized. It is important to clarify this information when engaging in trade transactions involving HS Code 99151230 to ensure accurate quantity calculations and pricing.
HS Code 99151230 is associated with a special tariff preference program that offers a reduced or preferential duty rate. In this case, the rate is 163.8%. This specific rate applies to the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). It is crucial to understand the eligibility criteria and requirements of this program to benefit from the reduced duty rate. Importers and exporters should consult the relevant trade agreements and regulations to determine if they qualify for this special tariff preference program.
HS Code 99151230 applies to goods being imported into or exported from the United States. It is essential to comply with the import and export regulations and requirements of the specific US states involved in the trade transaction. Different states may have additional regulations or restrictions, and it is crucial to ensure compliance to avoid any legal issues or delays in customs clearance.
HS Code 99151230 represents NI or SV goods in subheading 1202.10.80 over note 12 (a) or 12(b) limits. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS Code is vital for successful international trade operations. Importers and exporters should consult the relevant trade agreements, regulations, and state-specific requirements to ensure compliance and maximize the benefits of engaging in trade involving HS Code 99151230.