When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and classifying goods. HS Code 99170463 specifically refers to Peru goods falling under subheading 0406.20.18 or similar cheese articles that exceed the limit set by US Note 5(b).
The HS Code is a standardized system that is used worldwide to classify traded products. It provides a uniform classification for customs authorities, statisticians, and traders, making trade data analysis easier and more efficient. By identifying products with a unique HS Code, countries can monitor and regulate imports and exports, apply appropriate duties, and ensure compliance with trade regulations.
In this case, HS Code 99170463 is used to describe Peru goods that fall under subheading 0406.20.18 or similar cheese articles. Subheading 0406.20.18 refers to certain types of cheese that are produced in Peru and have specific characteristics or qualities.
It is important to note that these cheese articles must also exceed the limit set by US Note 5(b). This note sets a maximum value or quantity threshold for certain goods that can be imported into the United States. Any cheese articles from Peru falling under this HS Code must surpass this limit to be classified under HS Code 99170463.
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 Most Favored Nation (MFN) treatment. It ensures that countries apply the same duty rates and trade regulations to all their trading partners without discrimination.
For HS Code 99170463, the bound or MFN duty rate would depend on the specific trade agreements or tariffs set between Peru and the importing country, which in this case is the United States. The duty rate may vary based on factors such as the type of cheese, its value, and any special tariff preference programs in place.
The quantity unit for HS Code 99170463 is not specified in the available data. However, the quantity unit for cheese articles can typically be measured in kilograms, pounds, or other applicable units depending on the specific product and trade practices.
Special tariff preference programs are trade agreements or arrangements between countries that provide certain benefits or advantages in terms of reduced or eliminated duty rates for specific goods. These programs aim to promote trade and economic cooperation between participating countries.
In the case of HS Code 99170463, it is worth exploring if there are any special tariff preference programs in place between Peru and the United States. These programs could potentially offer lower duty rates or other trade incentives for the importation of Peru goods falling under subheading 0406.20.18 or similar cheese articles.
The data provided does not include specific information about the importing US states and exporting US states for HS Code 99170463. However, it is important to note that international trade is not limited to the federal level. Individual states within the United States may have their own regulations, import requirements, and trade preferences.
When engaging in trade under HS Code 99170463, it is crucial to consider the specific regulations and preferences of the importing and exporting US states. This may include state-specific import permits, labeling requirements, or any additional documentation needed to comply with state-level trade policies.
HS Code 99170463 pertains to Peru goods falling under subheading 0406.20.18 or similar cheese articles that exceed the limit set by US Note 5(b). The HS Code system allows for the uniform classification and regulation of traded products globally. Understanding the specific HS Code and its implications is essential for importers, exporters, customs authorities, and traders to ensure compliance with trade regulations and take advantage of any available tariff preference programs.