When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and categorizing goods for customs purposes. Each HS Code represents a specific product or group of products, allowing countries to apply the appropriate tariffs and regulations. In this article, we will delve into the details of HS Code 99170468, which pertains to Peru goods falling under subheading 0406.70.18 or similar cheese articles exceeding the limit specified in US Note 5(b).
The HS Code 99170468 refers to goods originating from Peru, specifically falling under subheading 0406.70.18 or similar cheese articles that surpass the limit defined in US Note 5(b). This code helps customs authorities worldwide to easily identify and classify these specific goods, ensuring the correct application of duties, regulations, and restrictions.
Subheading 0406.70.18 within the HS Code system relates to cheese products, including fresh (unripened or uncured) cheese, grated or powdered cheese, and other processed cheese. The specific details of the cheese articles falling under this subheading may vary, but they all share similarities in terms of their composition and characteristics.
Bound duty rate refers to the maximum tariff rate that a country has committed to under the World Trade Organization (WTO) agreements. This rate represents the upper limit, ensuring that a country cannot impose higher tariffs on imported goods than what has been agreed upon. Similarly, the Most Favored Nation (MFN) duty rate signifies the standard tariff rate applied to imports from all trading partners.
When a country decides to lower its trade barriers or open up its market, it must do so for all goods or services across the board, treating all trading partners equally. This principle, known as the MFN principle, ensures fair and non-discriminatory trade practices. Therefore, any changes in duty rates for goods falling under HS Code 99170468 would apply uniformly to all countries involved in trade with Peru.
The quantity unit for HS Code 99170468 is not specified in the available data. The quantity unit is essential for accurately determining the volume or weight of the imported or exported goods. It helps in calculating duties, tracking inventory, and maintaining trade statistics. Without the quantity unit, it is challenging to provide precise information regarding the volume or quantity associated with this code.
Special tariff preference programs are initiatives established between countries to promote trade and economic cooperation. These programs aim to provide preferential treatment, such as reduced or eliminated tariffs, to eligible goods originating from specific countries or regions. While the available data does not mention any specific special tariff preference programs related to HS Code 99170468, it is crucial to consider such programs when analyzing the actual trade dynamics.
The data does not provide information on the specific US states involved in importing or exporting goods under HS Code 99170468. However, it is worth noting that the United States is a significant player in international trade, both as an importer and exporter. Various states within the US have distinct strengths in different sectors, leading to the import and export of a wide range of goods. Understanding the specific states involved can provide insights into the trade patterns and economic activities associated with HS Code 99170468.
HS Code 99170468 represents Peru goods falling under subheading 0406.70.18 or similar cheese articles exceeding the limit specified in US Note 5(b). This code enables customs authorities to classify, regulate, and apply the appropriate duties to these specific goods. Understanding the details and implications of this HS Code is crucial for businesses, policymakers, and trade analysts involved in international trade.