Oman goods falling under subheading 1806.20.73 and similar sugar containing articles are categorized under HS Code 99161750. This HS Code serves as a unique identifier for customs authorities and trade organizations to classify and track these specific products. In this article, we will delve into the details of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The products covered by HS Code 99161750 include goods from Oman that fall under subheading 1806.20.73. This subheading refers to sugar-containing articles that exceed the limit specified in Note 10 of the HS Code. It encompasses a range of sugar-based products, such as confectionery, preserves, and other sugar-containing food items. These goods are subject to specific regulations and trade policies based on their classification under this HS Code.
The bound / MFN (Most Favored Nation) duty rate is a crucial aspect of international trade. It refers to the tariff or tax imposed on imported goods when a country lowers a trade barrier or opens up its market. The principle behind this duty rate is that a country must apply the same trade conditions to all its trading partners. Therefore, any country importing goods falling under HS Code 99161750 must adhere to the same duty rate as other trading partners of the exporting country.
The quantity unit for goods categorized under HS Code 99161750 is not specified in the available data. The quantity unit indicates the measurement used to quantify the products being traded. It can be in the form of weight, volume, or any other relevant unit of measurement. However, since no quantity unit is mentioned, it is advisable to refer to additional sources or consult customs authorities for specific information on the quantity unit associated with this HS Code.
Under the special tariff preference programs, goods falling under HS Code 99161750 enjoy specific benefits and trade advantages. In the case of this HS Code, the special tariff preference program mentioned is "Free (PE)." This abbreviation refers to the special rate offered by Peru to Oman goods falling under this HS Code. It implies that these goods can be imported into Peru from Oman with a reduced or zero tariff, promoting bilateral trade between the two countries.
The data provided does not explicitly mention the specific importing and exporting US states for goods falling under HS Code 99161750. However, it is important to note that the HS Code is a universally recognized classification system used by customs authorities worldwide. Therefore, importing and exporting US states would need to comply with the relevant regulations and trade policies associated with this HS Code when dealing with Oman goods falling under subheading 1806.20.73 and similar sugar-containing articles.
HS Code 99161750 serves as a critical classification for Oman goods falling under subheading 1806.20.73 and similar sugar-containing articles. It enables customs authorities, trade organizations, and businesses to accurately identify, track, and regulate these specific products. Understanding the product description, duty rates, special tariff preference programs, and other relevant details associated with this HS Code is essential for efficient international trade and compliance with applicable regulations.