HS Code 99160413 refers to a specific classification within the Harmonized System (HS) of product codes. This code is used to identify and categorize goods for import and export purposes. In this article, we will explore the details of HS Code 99160413 and its associated product description, tariff rates, quantity unit, and special tariff preference programs.
HS Code 99160413 is specifically associated with Oman goods falling under subheading 0403.90.78. This subheading provides a more detailed classification for a particular type of product. It is important to note that this HS code is subject to the U.S. note 5 limit, which may impose certain restrictions or requirements on the import or export of these goods.
The Bound / MFN (Most Favored Nation) duty rate is a standard rate applied to imports or exports. It ensures that a country maintains consistent trade policies with all its 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 duty rate applies to HS Code 99160413 and helps regulate trade practices and promote fair competition.
The quantity unit for HS Code 99160413 is not specified in the available data. However, the quantity unit typically indicates the measurement or unit of quantity associated with the product. It could be kilograms, liters, pieces, or any other appropriate unit of measurement for the specific product classified under this HS code.
Special tariff preference programs are agreements or arrangements between countries that provide preferential treatment in terms of tariff rates or exemptions for certain goods. These programs aim to promote trade, economic cooperation, and development between participating countries. While specific information about special tariff preference programs related to HS Code 99160413 is not provided, it is important to be aware of such programs and their potential impact on the import or export of goods within this HS code.
HS Code 99160413 is applicable to goods being imported into or exported from the United States. The specific states involved in these import and export transactions may vary depending on various factors such as the origin and destination of the goods, transportation logistics, and trade agreements. It is essential for importers and exporters to be familiar with the regulations and requirements specific to their respective states when dealing with HS Code 99160413.
HS Code 99160413 is an important classification within the HS system that identifies and categorizes Oman goods in subheading 0403.90.78 above the U.S. note 5 limit. The Bound / MFN duty rate ensures fair trade practices, while the quantity unit and special tariff preference programs may further impact the import or export of goods within this HS code. Importers and exporters should stay informed about the regulations and requirements associated with HS Code 99160413 to ensure compliance and successful trade transactions.