The HS Code 99160473 refers to Oman goods falling under the subheading 0406.10.28 and similar cheese products that exceed the limit mentioned in note 8. In this article, we will delve into the details of this HS Code and explore its implications in international trade.
When it comes to international trade, HS Codes play a crucial role in classifying products for customs and statistical purposes. These codes are used globally and help ensure uniformity in trade documentation and regulations.
The HS Code 99160473 specifically relates to Oman goods falling under the subheading 0406.10.28. This subheading refers to certain types of cheese products. However, it is important to note that the code also includes a limitation mentioned in note 8. This limitation indicates that there is a specific threshold or limit for the importation of these cheese products.
Bound / MFN duty rate is another important aspect to consider when discussing HS Codes. The term "Bound" refers to the maximum level of duty that a country can impose on imported goods. On the other hand, "MFN" stands for Most Favored Nation, which means that 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.
Unfortunately, the data provided does not include the quantity unit for this HS Code. However, it is essential to have a standardized unit of measurement to accurately track and compare trade data.
Special tariff preference programs are significant in international trade, as they offer certain benefits or preferences to specific countries or products. However, the information provided does not specify any particular preference programs related to HS Code 99160473.
When it comes to importing and exporting under HS Code 99160473, it is essential to consider the involved countries. Unfortunately, the data provided does not specify the importing and exporting US states. Nevertheless, it is crucial to have this information to understand the flow of trade and its impact on different regions.
HS Code 99160473 encompasses Oman goods falling under subheading 0406.10.28 and similar cheese products that exceed the limit mentioned in note 8. Understanding HS Codes and their implications in international trade is crucial for accurate classification, documentation, and regulation of goods. By adhering to the Bound / MFN duty rates and considering special tariff preference programs, countries can ensure fair and transparent trade practices.
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