The HS Code 99160421 pertains to specific goods from Oman that fall under the subheading codes 0402.10.50 or 0402.21.25, as regulated by the United States Note 6 limit. This article aims to provide an extensive educational overview of this HS code, including its product description, bound/MFN duty rate, quantity unit, and any special tariff preference programs associated with it.
The goods categorized under HS Code 99160421 are those originating from Oman and belonging to the subheadings 0402.10.50 or 0402.21.25. These subheadings refer to specific products such as milk and cream, concentrated or containing added sugar or other sweetening matter, and yogurt, respectively. The product description helps classify these goods, ensuring accurate trade documentation and regulation.
Bound duty rate, also known as the Most-Favored Nation (MFN) duty rate, refers to the maximum tariff rate that a country can apply to imported goods. It ensures that when 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. For HS Code 99160421, the specific bound/MFN duty rate might vary based on the individual trade agreements or tariff schedules between the United States and Oman.
The quantity unit for HS Code 99160421 is not specified in the available data. The unit could vary depending on the specific product within the subheading codes 0402.10.50 or 0402.21.25. Typically, quantity units can include kilograms (kg), liters (L), tonnes (t), or any other applicable measurement unit that accurately represents the quantity of the goods being imported or exported.
Special tariff preference programs are initiatives implemented by countries to provide preferential treatment, such as reduced or zero tariffs, for certain goods from specific trading partners. While the available data does not mention any specific special tariff preference programs related to HS Code 99160421, it is essential to stay updated with the latest trade agreements and preferential programs that may apply to goods imported or exported under this HS code.
The data provided does not include information regarding importing US states and exporting US states associated with HS Code 99160421. However, it is worth noting that the import and export of goods can vary between different US states due to factors such as regional demand, production capabilities, and trade relationships. Importers and exporters should consider these factors when engaging in international trade under this HS code.
HS Code 99160421 encompasses goods from Oman falling under subheading codes 0402.10.50 or 0402.21.25, subject to the U.S. Note 6 limit. Understanding the product description, bound/MFN duty rate, quantity unit, and special tariff preference programs is crucial for importers, exporters, and trade professionals involved in international trade related to this HS code. Staying informed about the specific regulations and trade dynamics associated with HS Code 99160421 enables smoother and more compliant trade operations.