The HS Code 99160410 refers to a specific product category in the international trade classification system. In this article, we will explore the details of this HS Code and provide a comprehensive understanding of its implications in global trade.
The product description associated with HS Code 99160410 is "Oman goods in subheading 0401.30.75 and like dairy products subject to U.S. note 5 limit." This means that the code encompasses goods from Oman that fall under the subheading 0401.30.75, specifically dairy products. These products are subject to a limitation imposed by the United States under note 5.
The bound / MFN (Most Favored Nation) duty rate is an important aspect of international trade. It ensures that when 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 promotes fairness and equal treatment in global trade.
The quantity unit for HS Code 99160410 is not specified. The absence of a quantity unit implies that it could vary depending on the specific dairy products being imported or exported under this code. It is essential for traders and importers/exporters to refer to the relevant documentation and regulations to determine the appropriate quantity unit in each case.
Special tariff preference programs can play a significant role in facilitating international trade and promoting economic cooperation between countries. While the specific programs applicable to HS Code 99160410 are not mentioned, it is essential to be aware of any such programs that may exist between the countries involved in the import and export of these dairy products.
When dealing with HS Code 99160410, it is crucial to consider the importing and exporting US states. As this code pertains to goods from Oman, the exporting US states would be the ones from where the products are shipped to Oman. Similarly, the importing US states would be the ones where these dairy products from Oman are being received. The identification of specific states can help in understanding regional trade patterns and market dynamics.
HS Code 99160410 encompasses dairy products from Oman falling under subheading 0401.30.75, subject to a limitation set by the United States. Understanding the details and implications of this HS Code can assist traders, importers, and exporters in complying with regulations, availing tariff preferences, and effectively participating in global trade.