The HS Code 99170439 refers to Peru goods in subheading 2106.90.87 that are above the US Note 4 limit. In this article, we will explore the details of this HS code, its significance, and its implications for international trade.
HS codes, also known as Harmonized System codes, are internationally recognized codes used to classify and categorize traded products. They provide a common language for customs officials, statisticians, and traders to identify and track goods as they cross borders. HS codes are essential for accurate tariff determination, trade data analysis, and regulatory compliance.
In the case of HS Code 99170439, the specific product falls under subheading 2106.90.87. This subheading is part of Chapter 21, which covers miscellaneous edible preparations. Subheading 2106.90.87 pertains to other food preparations not elsewhere specified or included.
It is important to note that the product described by this HS code exceeds the US Note 4 limit. The US Note 4 limit refers to a restriction or limitation imposed by the United States on the importation of certain goods. This could be due to various reasons, such as health and safety concerns, trade agreements, or national security considerations.
When it comes to trade barriers and market access, the bound or MFN (Most Favored Nation) duty rate plays a crucial role. 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 non-discriminatory treatment and fair trade practices.
In the case of HS Code 99170439, the bound or MFN duty rate would apply. This means that the duty rate for this particular product would be the same for all countries, regardless of any preferential trade agreements or special tariff programs.
However, special tariff preference programs can still have an impact on the importation of goods under HS Code 99170439. In the case of Peru, there is a special rate under the Free Trade Agreement (FTA) between Peru and the United States. This special rate allows for duty-free importation of goods from Peru to the United States.
Importing US states and exporting US states are also relevant information when it comes to HS Code 99170439. The importing US states refer to the states within the United States where the goods described by the HS code are being imported. Similarly, the exporting US states refer to the states within the United States from where the goods described by the HS code are being exported.
HS Code 99170439 pertains to Peru goods in subheading 2106.90.87 that exceed the US Note 4 limit. This HS code plays a significant role in international trade, as it helps classify and track products for tariff determination and regulatory compliance. Understanding the implications of this HS code, such as the bound or MFN duty rate and special tariff preference programs, is crucial for importers, exporters, and customs officials involved in international trade.