The HS Code 99170413 pertains to Peru goods classified under subheadings 0402.91.70 and 0402.91.90, with an additional limitation set by US note 3(b). This article aims to provide an extensive understanding of the HS Code 99170413, its product description, trade barriers, and the special tariff preference programs associated with it.
The goods falling under the HS Code 99170413 are specifically categorized under subheadings 0402.91.70 and 0402.91.90. These subheadings refer to specific types of products within the broader category of goods. The HS Code system is a standardized classification system used by countries worldwide to facilitate international trade and ensure uniformity in product identification.
When a country lowers a trade barrier or opens up its market, it is required to do so for the same goods or services from all its trading partners. This principle, known as the Most Favored Nation (MFN) treatment, ensures that countries cannot discriminate against specific trading partners.
Under the HS Code 99170413, the bound or MFN duty rate applies to the import of Peru goods. The duty rate is the percentage of the goods' value imposed as a tax upon importation. It is important for importers and exporters to be aware of the duty rates associated with their products to accurately calculate costs and remain compliant with customs regulations.
The quantity unit for goods classified under the HS Code 99170413 is not specified. The quantity unit refers to the measurement or unit of measurement used to quantify the goods being traded. This information is crucial for accurate documentation and pricing calculations during international trade transactions.
Peru benefits from a special tariff preference program with the United States. Under this program, known as Free (PE), certain goods imported from Peru are eligible for preferential tariff rates. These preferential rates provide a competitive advantage for Peruvian exporters in the US market, making their goods more affordable for American consumers.
It is essential for importers and exporters dealing with goods classified under HS Code 99170413 to be aware of the specific details and eligibility criteria for the Free (PE) program. This knowledge can help them leverage the program's benefits and navigate the complexities of international trade more effectively.
Goods under the HS Code 99170413 can be imported into any US state. Similarly, exporters from any US state can export goods classified under this HS Code. The HS Code system ensures uniformity and consistency in product identification, allowing for seamless trade between different states within a country.
the HS Code 99170413 refers to Peru goods falling under subheadings 0402.91.70 and 0402.91.90, with an additional limitation according to US note 3(b). Understanding the product description, trade barriers, and special tariff preference programs associated with this HS Code is crucial for importers and exporters engaged in international trade. By staying informed and leveraging the benefits of these programs, businesses can optimize their trade operations and enhance their competitiveness in the global marketplace.