Onions and shallots are versatile vegetables that are widely consumed across the globe. They are used in various culinary dishes for their distinct flavors and nutritional benefits. In international trade, these products are classified under HS Code 07031040. Let's delve into the details of this HS code and explore the various aspects associated with it.
The HS Code 07031040 specifically refers to onions, excluding onion sets or pearl onions not over 16 mm in diameter, and shallots that are fresh or chilled. These vegetables are known for their bulbous structure and pungent taste. Onions and shallots are commonly used as ingredients in cooking and are prized for their ability to enhance the flavor of dishes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 07031040 is 3.1 cents per kilogram (KG). This duty rate applies every time a country lowers a trade barrier or opens up a market, ensuring that the same goods or services receive equal treatment from all trading partners. It is important for importers and exporters to consider this duty rate when engaging in international trade of onions and shallots.
The quantity unit for HS Code 07031040 is kilograms (KG). This unit of measurement is used to determine the weight of onions and shallots being imported or exported. It enables accurate calculations and facilitates smooth trade transactions.
Under HS Code 07031040, onions and shallots may be eligible for special tariff preference programs, which provide certain countries with preferential treatment or duty-free access to specific markets. The following programs offer special rates or duty-free treatment for these products:
These special tariff preference programs aim to promote trade and economic cooperation between countries, facilitating the import and export of onions and shallots under favorable conditions.
While the data provided does not specify the exporting US states, the HS Code 07031040 indicates that onions and shallots are imported into the United States. One example of an importing state is Arizona. These vegetables are distributed to various states across the nation to meet the demand for fresh and flavorful ingredients.
The HS Code 07031040 encompasses onions, excluding onion sets or pearl onions not over 16 mm in diameter, and shallots that are fresh or chilled. It is crucial for importers and exporters to understand the product description, duty rates, quantity unit, and potential special tariff preference programs associated with this HS code. With this knowledge, stakeholders can engage in international trade transactions involving onions and shallots more effectively and take advantage of preferential treatment offered by certain countries.