The HS Code 99170411 is a unique identifier that represents a specific category of goods traded internationally. In this article, we will delve into the details of this HS Code, focusing on Peru goods falling under subheadings 0402.91.70 and 0402.91.90, which are subject to US note 3(b) limit.
Before we delve into the specifics, let us understand the HS Code system. The Harmonized System (HS) is an internationally recognized classification system for traded goods. It is used by customs authorities, statisticians, and policymakers across the globe to classify products and track international trade.
The HS Code 99170411 pertains to Peru goods falling under subheadings 0402.91.70 and 0402.91.90. These subheadings refer to specific categories of products, and by using this HS Code, traders and authorities can easily identify and track these goods.
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. This principle is known as the Most Favored Nation (MFN) status, which ensures fair and non-discriminatory treatment for all trading partners.
The Bound / MFN duty rate associated with HS Code 99170411 determines the tariff or duty that needs to be paid when importing or exporting goods falling under this category. The specific duty rate may vary depending on the country and specific trade agreements in place.
The quantity unit for HS Code 99170411 is not specified in the available data. However, the quantity unit typically refers to the measurement used to quantify the goods being traded. It could be kilograms, liters, units, or any other relevant measurement.
Special tariff preference programs can provide benefits and concessions to specific countries or regions when trading certain goods. For HS Code 99170411, the special tariff preference program is mentioned as "Free (PE)" where "PE" stands for Peru.
This indicates that when importing or exporting goods falling under HS Code 99170411 between the United States and Peru, the special rate applied is "Free," implying that the goods are exempt from certain tariffs or duties.
Unfortunately, the available data does not provide information about the specific importing and exporting US states for HS Code 99170411. However, it is important to note that international trade occurs between various states, and the specific states involved in the import and export of goods can play a significant role in trade dynamics.
Overall, HS Code 99170411 represents a specific category of Peru goods falling under subheadings 0402.91.70 and 0402.91.90, subject to US note 3(b) limit. Understanding the details of this HS Code helps traders, customs authorities, and policymakers streamline international trade and ensure fair and transparent practices.