HS Code 99161720 refers to a specific category of goods imported from Oman. These goods fall under the subheading 1701.91.48 and include sugar-containing articles that are subject to certain limitations mentioned in note 10.
When dealing with international trade, it is essential to have a standardized system to classify products. The Harmonized System (HS) code provides a universal language for classifying goods traded across borders. Each HS code represents a specific product or category of products and is recognized and used by customs authorities worldwide.
The HS Code 99161720 helps identify and categorize the Oman goods falling under the subheading 1701.91.48. This subheading denotes a particular type of sugar-containing articles, which may have specific characteristics or requirements.
One important aspect to consider in international trade is the bound or Most Favored Nation (MFN) duty rate. Whenever a country decides to lower a trade barrier or open up its market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved. The bound or MFN duty rate for goods classified under HS Code 99161720 would be applicable in such scenarios.
The quantity unit for the goods falling under HS Code 99161720 is not specified in the available data. However, it is crucial to understand the unit of measurement when importing or exporting goods to ensure accurate accounting and documentation.
In terms of tariff preference programs, the goods classified under HS Code 99161720 enjoy a special tariff preference in Peru. This means that when importing these goods from Oman to Peru, they are subject to a preferential duty rate or may even be duty-free under the special rate agreement between the two countries.
It is important to note that the HS Code 99161720 specifically refers to goods imported from Oman. However, it is equally relevant to consider the exporting US states and the importing US states. The exporting US states are those from where the goods are being sent to Oman, while the importing US states are those where the goods are received after being exported from Oman. A comprehensive understanding of the exporting and importing US states can provide valuable insights into the trade flow and distribution of these goods.
HS Code 99161720 represents a specific category of goods imported from Oman. These goods fall under the subheading 1701.91.48 and include sugar-containing articles subject to certain limitations. Understanding the HS code, bound duty rates, special tariff preference programs, and the exporting/importing US states is vital for anyone involved in international trade related to these goods.