Product description: Oman goods in subheading 0405.20.30, 2106.90.26, or 2106.90.36 above U.S. note 5 limit.
Bound / MFN duty rate: 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.
Quantity unit: ()
Special tariff preference programs:
Importing US states:
Exporting US states:
The HS Code 99160415 is a unique code used to classify a specific product or commodity for international trade. It provides a standardized and internationally recognized system for identifying and categorizing goods. In this article, we will explore the details of HS Code 99160415 and its associated product description, duty rates, and special tariff preference programs.
The product associated with HS Code 99160415 is Oman goods falling under subheading 0405.20.30, 2106.90.26, or 2106.90.36 with certain limitations specified in U.S. note 5. The subheadings mentioned refer to specific categories or groups of goods within the Harmonized System (HS) classification. These codes help in identifying the nature and characteristics of the product being traded.
It is important to note that the product description provided is specific to Oman goods and the mentioned subheadings. The inclusion of U.S. note 5 implies that there are certain restrictions or limits on the import or export of these goods.
The bound / MFN (Most Favored Nation) duty rate refers to the tariff or tax imposed on the import or export of goods classified under HS Code 99160415. The concept of bound rates ensures that every time a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners.
This principle of non-discrimination ensures fair and equal treatment for all trading partners. It prevents countries from granting preferential treatment to specific trading partners, thereby promoting a level playing field in international trade.
The quantity unit for HS Code 99160415 is not specified in the provided data. The quantity unit typically refers to the measurement or unit of quantity used for the traded goods. It could be kilograms, liters, pieces, etc. However, without the specific information, it is not possible to determine the exact quantity unit for this HS Code.
The data does not provide any information regarding special tariff preference programs associated with HS Code 99160415. Special tariff preference programs are trade agreements or arrangements between countries that provide reduced or eliminated tariff rates for specific goods. These programs aim to promote trade and economic cooperation between the participating countries.
However, it is worth mentioning that countries often engage in bilateral or multilateral trade agreements to facilitate trade and provide preferential treatment to certain goods or trading partners. These agreements can influence the duty rates and trade conditions for products falling under various HS Codes, including HS Code 99160415.
The data does not specify the importing and exporting US states associated with HS Code 99160415. However, the importing US state refers to the state within the United States where the goods classified under this HS Code are being imported. Similarly, the exporting US state refers to the state within the United States from where the goods classified under this HS Code are being exported.
The specific importing and exporting US states can vary depending on the trade patterns and preferences of the businesses involved. Different states within the United States may have different levels of import and export activities, depending on factors such as geographical location, industrial specialization, and market demand.
HS Code 99160415 represents a specific product or commodity falling under subheading 0405.20.30, 2106.90.26, or 2106.90.36 with limitations specified in U.S. note 5. The bound / MFN duty rate ensures non-discriminatory treatment for all trading partners. While the quantity unit and special tariff preference programs are not provided in the given data, it is important to consider these factors when analyzing the trade dynamics associated with HS Code 99160415.
Understanding and interpreting HS Codes is crucial for businesses engaged in international trade. These codes provide a standardized system for classification, facilitating efficient customs procedures, and ensuring accurate trade statistics. HS Code 99160415 highlights the specific characteristics and trade conditions associated with the mentioned product, enabling businesses to navigate the complexities of global trade effectively.