The HS Code 07095101 refers to mushrooms of the genus Agaricus that are fresh or chilled. This code is used to classify and identify these specific types of mushrooms for import and export purposes. Understanding this HS code is essential for businesses involved in the mushroom trade and can help ensure compliance with customs regulations.
The product description specifies that the mushrooms belong to the genus Agaricus and must be fresh or chilled. This indicates that the mushrooms should be in their natural state, without any preservation methods applied. The code provides clarity and distinction for customs officials and traders alike.
When importing mushrooms under HS Code 07095101, it is important to be aware of the duty rates. The bound (MFN) duty rate for these mushrooms is 8.8 cents per kilogram plus 20%. This means that for every kilogram of mushrooms imported, a duty of 8.8 cents plus an additional 20% of the value will apply. It is crucial to accurately calculate and include these costs when determining the overall import expenses.
Furthermore, the quantity unit for mushrooms under this HS code is kilograms (KG). This unit of measurement is used to determine the weight of the mushrooms being imported or exported. It is essential to accurately measure and declare the weight to comply with customs requirements.
There are also special tariff preference programs available for mushrooms classified under HS Code 07095101. These programs provide preferential treatment in terms of duty rates for certain countries. The following countries have specific tariff rates:
These rates provide a cost advantage for importers and exporters from specific countries. It is important to note that the "Free" category is applicable only to imports from least-developed beneficiary developing countries eligible for GSP under that subheading. Some notable tariff preference programs include NAFTA for Canada and Mexico, Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), and Peru Special Rate.
When it comes to importing mushrooms under HS Code 07095101, certain US states have been identified as major importers. The state of Arizona, in particular, has a significant presence in mushroom imports. This information can be useful for businesses looking to target specific states for market opportunities.
Overall, understanding and correctly applying HS Code 07095101 is crucial for businesses involved in the import and export of mushrooms of the genus Agaricus. Compliance with duty rates, quantity measurements, and tariff preference programs can help streamline trade operations and ensure adherence to customs regulations. It is essential to stay updated with any changes or amendments to the HS code and related regulations to maintain smooth and compliant international trade activities.