The HS Code 99162410 refers to Oman goods falling under subheading 2401.10.65 and other tobacco products that exceed the limit defined in note 11. This article will provide a comprehensive understanding of this HS Code, exploring its product description, duty rates, quantity unit, and special tariff preference programs.
The product description for HS Code 99162410 encompasses Oman goods categorized under subheading 2401.10.65. This subheading specifically relates to tobacco products. It is important to note that the specific details of these goods may vary, and it is necessary to refer to the official customs documentation for accurate information.
Tobacco products falling under this HS Code may include cigarettes, cigars, cigarillos, and other tobacco-related items. These products are subject to specific regulations and restrictions imposed by both the exporting and importing countries.
Every time a country lowers a trade barrier or opens up a market, it must apply the same rules to all its trading partners. This principle, known as the Most Favored Nation (MFN) principle, ensures that countries do not discriminate against any particular trading partner.
The bound or MFN duty rate for HS Code 99162410 will vary depending on the specific regulations of the importing and exporting countries. It is essential for importers and exporters to consult the customs authorities or refer to trade agreements between the countries involved to determine the applicable duty rates.
The quantity unit for HS Code 99162410 is not specified in the available data. The quantity unit refers to the measurement or unit of quantity used for trading the specific goods under the HS Code. It could be kilograms, pieces, liters, or any other appropriate unit.
For accurate information on the quantity unit associated with this HS Code, it is advisable to consult the official customs documentation or contact the relevant authorities responsible for customs regulations.
The special tariff preference program applicable to HS Code 99162410 is Free (PE) for Peru. This means that specific tariff concessions or exemptions are granted to goods imported or exported between Oman and Peru.
Under this special tariff preference program, importers or exporters dealing with HS Code 99162410 may enjoy reduced or eliminated tariff rates, making trade between Oman and Peru more favorable. It is crucial to review the specific requirements and conditions of this program to benefit from the preferential tariff rates.
The available data does not provide information on the specific importing and exporting US states associated with HS Code 99162410. However, it is important to note that the regulations, licensing requirements, and tax rates for importing and exporting tobacco products can vary between different states within the United States.
Importers and exporters dealing with HS Code 99162410 should familiarize themselves with the specific regulations of the states involved to ensure compliance and avoid any potential penalties or restrictions.
HS Code 99162410 encompasses Oman goods falling under subheading 2401.10.65 and other tobacco products that exceed the limit defined in note 11. Importers and exporters dealing with these goods must consider the product description, duty rates, quantity unit, and any special tariff preference programs applicable to ensure smooth trade operations. It is recommended to consult official customs documentation and contact the relevant authorities for accurate and up-to-date information.