HS Code 03056320 refers to anchovies that are preserved in brine or salt, but not dried or smoked. These anchovies are packed in immediate airtight containers weighing 6.8 kg or less with their contents. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
Anchovies are small, oily fish that are commonly found in saltwater. They are known for their strong flavor and are often used as a condiment or ingredient in various cuisines. HS Code 03056320 specifically refers to anchovies that are preserved in brine or salt. This means that the anchovies are soaked in a solution of saltwater or salt to enhance their flavor and extend their shelf life. However, it is important to note that these anchovies are not dried or smoked.
The anchovies covered by this HS code are packed in immediate airtight containers weighing 6.8 kg or less with their contents. This packaging ensures that the anchovies remain fresh and protected from any external factors that may affect their quality.
The bound or MFN (Most Favored Nation) duty rate for HS Code 03056320 is 5%. The MFN principle states that 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 means that the 5% duty rate applies to all countries importing anchovies under this HS code.
The quantity unit for HS Code 03056320 is kilograms (KG). This means that the weight of the anchovies, along with their immediate airtight containers, is measured in kilograms for import and export purposes. It is important for importers and exporters to accurately declare the weight of the anchovies to ensure compliance with customs regulations.
HS Code 03056320 is eligible for various special tariff preference programs, which provide preferential treatment in terms of duty rates. Some of the special tariff preference programs applicable to this HS code include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties for specific goods. Importers and exporters can take advantage of these programs to benefit from lower duty rates when trading anchovies under HS Code 03056320.
HS Code 03056320 covers anchovies preserved in brine or salt, packed in immediate airtight containers weighing 6.8 kg or less with their contents. Importers and exporters should be aware of the duty rates, quantity unit, and special tariff preference programs associated with this HS code to ensure compliance and maximize the benefits of international trade.