When it comes to international trade, HS codes play a crucial role in classifying goods for customs purposes. In this article, we will delve into the details of HS Code 06029030, which refers to live herbaceous perennials with soil attached to roots, excluding orchid plants.
HS Code 06029030 specifically covers a wide range of live plants that are classified as herbaceous perennials. These plants have the unique characteristic of regrowing and blooming year after year, making them a popular choice for avid gardeners and horticultural enthusiasts.
The product description of HS Code 06029030 highlights that it includes live herbaceous perennials with soil attached to roots. This means that when these plants are traded internationally, they are typically uprooted with soil intact, ensuring their survival during transportation.
It is important to note that this HS code specifically excludes orchid plants. Orchids, being a unique and highly sought-after species, are classified separately under different HS codes.
The bound/MFN duty rate for HS Code 06029030 is 1.4%. The bound duty rate refers to the maximum rate of duty that a country can impose on the importation of a specific product. In the case of this HS code, the maximum duty rate stands at 1.4%.
It is worth mentioning that the MFN (Most Favored Nation) duty rate applies to all countries, as per the principles of the World Trade Organization (WTO). This means that 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.
The quantity unit for HS Code 06029030 is "number" (NO). This indicates that the quantity of goods being traded is measured in terms of the number of individual herbaceous perennial plants.
HS Code 06029030 enjoys several special tariff preference programs, allowing for reduced or duty-free treatment when imported from specific countries. The following countries are eligible for special tariff rates:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and the aforementioned countries, providing advantages such as duty-free treatment or reduced tariff rates.
While there is no specific information provided regarding the exporting US states for HS Code 06029030, it is important to note that the demand for live herbaceous perennials may vary across different states within the United States.
However, according to the available data, the state of Maine is known for importing live herbaceous perennials classified under HS Code 06029030. The climate and natural landscape of Maine make it an ideal location for the cultivation and growth of these plants.
As the trade in live herbaceous perennials continues to flourish, it is essential for importers, exporters, and traders to have a comprehensive understanding of HS Code 06029030. This code ensures the proper classification and regulation of these plants, facilitating smooth international trade and fostering economic growth in the horticulture industry.