GCC reference snapshot collected March 2026. Current national application has not been verified. No effective date is available. The data review on September 11, 2026 does not update the rates. Reference source.

Kuwait Customs Tariff for HS Code 490700320001

Local banknotes not yet in legal circulation

عملة ورقية محلية لم تكتسب بعد صفة التداول القانوني

This line has not been reconciled with the Kuwait published schedule. Its value is from the historical GCC reference collected in March 2026 and must not be treated as a verified Kuwait duty.

Direct HS code answer for Kuwait

Kuwait HS Code 490700320001: Exempted

The reference dataset lists a duty value of Exempted for Local banknotes not yet in legal circulation.Source status: not assessed. Verify the exact national tariff line, origin treatment, taxes, restrictions, and current customs guidance before using this information in a declaration.

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Customs tariff summary

Country: Kuwait
HS / tariff code: 490700320001
Description: Local banknotes not yet in legal circulation
Chapter: 49 —
Heading: 4907
Subheading: 490700
Reference duty value: Exempted
VAT / tax: Check local VAT and excise rules for the import destination.
Unit / basis: Not listed in this tariff line
Source / vintage: Kuwait PAI published GCC workbook (HS 2022); historical reference, national amendments not consolidated

Customs Duty

Exempted

معفاة

Import permission

not assessed

Import planning

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Details

HS Code: 490700320001
Chapter: 49 —
Heading: 4907
Subheading: 490700

Compare HS code 490700320001 across GCC countries

Each destination shows its own source label. Oman uses its national schedule; Qatar and UAE entries may cite their separately published references and unresolved exceptions. Other entries retain the historical GCC reference. National codes, duty notes, restrictions and tax treatment can differ; verify with the destination customs authority.

Saudi ArabiaExact code listed: Exempted United Arab EmiratesExact code listed: ExemptedHistorical GCC reference · not nationally verified OmanExact code listed: 0 %Oman national schedule 2026 QatarExact code listed: 0 %Qatar Decree 31/2026 — exact code and published duty checked KuwaitExact code listed: ExemptedHistorical GCC reference · not nationally verified BahrainExact code listed: Exempted

Related HS Codes (Heading 4907)

HS Code	Description	Duty
490700110000	- - - - Postage stamps	0 %Kuwait PAI published GCC reference (HS 2022)
490700120000	- - - - Revenue stamps	0 %Kuwait PAI published GCC reference (HS 2022)
490700190000	- - - - Other stamps	0 %Kuwait PAI published GCC reference (HS 2022)
490700200001	Paper cards marked with an unmixed nature	0 %Kuwait PAI published GCC reference (HS 2022)
490700200002	Envelopes marked with an unmixed nature	0 %Kuwait PAI published GCC reference (HS 2022)
490700310000	- - - - Banknotes in circulation :	0 %Kuwait PAI published GCC reference (HS 2022)
490700310001	Local banknotes in Circulation	ExemptedHistorical GCC reference · not nationally verified
490700319999	Other banknotes in Circulation	ExemptedHistorical GCC reference · not nationally verified
490700320000	- - - - Banknotes not yet in legal circulation :	0 %Kuwait PAI published GCC reference (HS 2022)
490700329999	Other banknotes not yet in legal circulation	ExemptedHistorical GCC reference · not nationally verified
490700400000	- - - Travelers cheques	0 %Kuwait PAI published GCC reference (HS 2022)
490700500000	- - - Certified cheques	0 %Kuwait PAI published GCC reference (HS 2022)
490700600001	Shares of value, numbered	0 %Kuwait PAI published GCC reference (HS 2022)
490700600002	Shares of value, signed	0 %Kuwait PAI published GCC reference (HS 2022)
490700600003	Bonds of value, numbered	0 %Kuwait PAI published GCC reference (HS 2022)
490700600004	Bonds of value, signed	0 %Kuwait PAI published GCC reference (HS 2022)
490700600005	Instruments of value, numbered	0 %Kuwait PAI published GCC reference (HS 2022)
490700600006	Instruments of value, signed	0 %Kuwait PAI published GCC reference (HS 2022)
490700700001	shares in form of prints intended for use	0 %Kuwait PAI published GCC reference (HS 2022)
490700700002	Bonds in form of prints intended for use	0 %Kuwait PAI published GCC reference (HS 2022)

Data source: Kuwait PAI published GCC workbook (HS 2022); historical reference, national amendments not consolidated. Historical reference rates exclude VAT, excise and other national measures. Separate national entries preserve the columns printed by their source; these are not a complete shipment assessment. Full disclaimer.