The HS Code 99161780 refers to Oman goods falling under the subheading 2106.90.72. This subheading includes sugar-containing articles that surpass the limit specified in note 10. The HS Code system is used internationally for classifying traded goods and is essential for customs purposes.
When importing or exporting goods, it is crucial to correctly classify them using the appropriate HS Code. This code helps determine the applicable tariffs, duties, and other trade regulations associated with the specific product category.
Bound / Most Favored Nation (MFN) duty rates play a significant role in international trade. The concept behind MFN is that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and non-discriminatory treatment among trading nations.
While the quantity unit for HS Code 99161780 is not specified, it is important to note that the quantity of goods being imported or exported can influence various aspects of trade, such as transportation and customs documentation.
Under the special tariff preference program, HS Code 99161780 receives a free tariff rate for imports from Peru (PE). This means that goods falling under this code, originating from Peru, can benefit from reduced or eliminated duties and tariffs when imported into the designated country.
When importing goods under HS Code 99161780, it is essential to be aware of the specific regulations and requirements of both the exporting and importing US states. These regulations may vary based on factors such as agricultural restrictions, health and safety standards, and licensing or certification requirements.
HS Code 99161780 pertains to Oman goods falling under the subheading 2106.90.72 and includes sugar-containing articles exceeding the specified limit. Understanding and correctly applying HS codes is crucial for international trade, as it determines the applicable duties, tariffs, and other trade regulations. Additionally, being aware of special tariff preference programs and state-specific import and export regulations can help ensure smooth and compliant trade transactions.