When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying goods and facilitating smooth transactions between countries. In this article, we will delve into the details of HS Code 99161785, specifically focusing on Oman goods falling under subheading 2106.90.91 and sugar-containing articles above note 10 limit.
HS Code 99161785 is a unique code assigned to a specific category of goods for identification and documentation purposes. It helps customs authorities, traders, and statisticians to track and analyze trade data, promoting transparency and efficiency in global commerce.
Product Description: Oman goods falling under subheading 2106.90.91 and sugar-containing articles above note 10 limit fall under HS Code 99161785. This subheading refers to a particular type of product that contains sugar and is subject to certain limitations as outlined in note 10.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate is the maximum import duty rate that a country can impose on a particular product. It is an essential aspect of international trade agreements, ensuring fair treatment for all trading partners. 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 is fundamental to maintaining a level playing field in global trade.
Quantity Unit: The quantity unit for HS Code 99161785 is not specified. It could vary depending on the specific product falling under subheading 2106.90.91 and sugar-containing articles above note 10 limit. It is essential for importers and exporters to accurately measure and document the quantity of goods to comply with customs regulations.
Special Tariff Preference Programs: For HS Code 99161785, the special tariff preference program applicable is Free (PE). This means that goods falling under this HS Code and meeting the criteria set by Peru can enjoy preferential tariff rates when traded between Oman and Peru. It is crucial for traders to be aware of such programs to leverage tariff benefits and enhance competitiveness in the international market.
Importing US States: HS Code 99161785 allows importation of goods falling under subheading 2106.90.91 and sugar-containing articles above note 10 limit into various states of the United States. Traders engaged in importing these goods should comply with the customs regulations and requirements of the specific states where they intend to transport the goods.
Exporting US States: Exporting goods falling under HS Code 99161785 from the United States to other countries is subject to compliance with the export regulations of the US government. Traders should consult relevant authorities and ensure adherence to all legal requirements to avoid any trade barriers or penalties.
HS Code 99161785 encompasses Oman goods falling under subheading 2106.90.91 and sugar-containing articles above note 10 limit. It is crucial for traders and importers involved in the international trade of these goods to understand the specific HS Code and comply with the associated regulations in order to facilitate smooth and legal trade transactions.