Tomatoes are a popular and versatile fruit that is enjoyed in various cuisines around the world. They are known for their vibrant red color and delicious flavor, making them a staple ingredient in many dishes. If you are involved in the import or export of tomatoes, it is important to understand the HS code 07020040, which specifically refers to fresh or chilled tomatoes entered during July 15 to Aug. 31 in any year.
The HS code system is used globally to classify and identify different types of goods for international trade. The code 07020040 is specifically assigned to tomatoes that are fresh or chilled. This code helps customs authorities and traders accurately identify and classify the products being imported or exported, ensuring proper customs procedures and tariff rates are applied.
When it comes to the duty rates for tomatoes under HS code 07020040, the bound / MFN (Most Favored Nation) duty rate is 2.8 cents/kg. This means 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. The duty rate is charged based on the weight of the tomatoes imported or exported, with a rate of 2.8 cents per kilogram.
The quantity unit for tomatoes under HS code 07020040 is kilograms (KG). This is the standard unit of measurement used to determine the weight of the tomatoes being imported or exported.
There are also special tariff preference programs that apply to tomatoes under HS code 07020040. These programs provide certain countries with preferential treatment or reduced duty rates when importing or exporting tomatoes. The following countries enjoy a duty-free treatment for tomatoes: Australia, Bahrain, Canada (under NAFTA), Dominican Republic-Central America (under DR-CAFTA), Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore. Additionally, Chile enjoys a special rate of 0.3?/kg for tomatoes.
For importers in the United States, if you are importing tomatoes under HS code 07020040, the state of Arizona is one of the key importing states. Arizona is known for its favorable climate for agriculture, making it a significant hub for tomato imports.
Understanding the HS code 07020040 for tomatoes can help importers and exporters navigate the complexities of international trade, ensuring compliance with customs regulations and tariff rates. Whether you are involved in the tomato industry or simply appreciate the deliciousness of these fruits, knowing the HS code is essential for smooth and efficient trade.