The HS Code 98220610 refers to goods originating from Peru that fall under subheading 1701.11.50 and include sugar-containing articles. This code is used to classify and identify the specific type of product being imported or exported.
When it comes to international trade, it is essential to have a standardized system for categorizing goods. The Harmonized System (HS) provides this system by assigning unique codes to different products. These codes are used by customs authorities worldwide to determine the applicable duties and tariffs for each product.
In the case of HS Code 98220610, it specifically applies to goods from Peru that are classified under subheading 1701.11.50. This subheading refers to sugars and sugar confectionery products, including sugar-containing articles.
One important aspect to consider in international trade is the bound or Most Favored Nation (MFN) duty rate. This rate ensures that a country must apply the same trade barriers or market openings to all its trading partners for the same goods or services. In the case of HS Code 98220610, the bound/MFN duty rate would depend on the specific country's policies.
It is worth noting that special tariff preference programs may also apply to goods classified under HS Code 98220610. For example, Peru may offer a special rate for these goods when imported into the country. This can be seen in the free trade agreement between Peru and the United States, where the special rate for goods under HS Code 98220610 is listed as "Free (PE) - Peru Special Rate".
When importing or exporting goods classified under HS Code 98220610, it is essential to be aware of the specific requirements and regulations of the importing and exporting countries. Additionally, it is important to keep track of any changes in duties or tariff rates that may affect the cost of trade.
In terms of quantity unit, the specific unit used for goods under HS Code 98220610 is not provided in the available data. However, it is common for quantity units to be specified based on the nature of the product. For example, it could be kilograms (kg), liters (L), or any other applicable unit of measurement.
Importing US states and exporting US states are not provided in the available data. However, it is important to note that HS codes are used globally and are not specific to any particular country or state.
the HS Code 98220610 is used to classify goods originating from Peru that fall under subheading 1701.11.50 and include sugar-containing articles. Understanding the HS code system is crucial for international trade, as it helps determine the applicable duties, tariffs, and regulations for specific products. Importers and exporters should stay informed about any changes in trade barriers and special tariff preference programs that may affect the cost and regulations of trading goods classified under HS Code 98220610.