The HS Code 07119030 refers to capers that are provisionally preserved but unsuitable in that state for immediate consumption. This code is used to classify and identify this specific product in international trade. Understanding the HS code is essential for importers, exporters, and customs officials to ensure accurate classification and proper documentation of goods.
When importing or exporting capers under HS Code 07119030, it is important to be aware of the specific regulations and requirements associated with this product. The HS code provides a standardized classification system that is recognized globally, making it easier to identify the product and determine the applicable duties and tariffs.
Bound / MFN duty rate for capers under HS Code 07119030 is 8%. 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 applied to the declared value of the imported or exported capers.
The quantity unit for capers under HS Code 07119030 is kilograms (KG). This unit of measurement is used to determine the weight of the capers being imported or exported. It is important to accurately declare the quantity of capers to ensure compliance with customs regulations.
There are also special tariff preference programs available for capers under HS Code 07119030. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries eligible for these programs include:
These special tariff preference programs allow capers imported from these countries to be exempt from duty or enjoy reduced duty rates. It is important to check the specific requirements and eligibility criteria for each program to take advantage of the benefits.
Importing and exporting capers under HS Code 07119030 can involve various US states as importers and exporters. The specific states involved in these trade transactions may vary depending on the demand and supply dynamics of the caper market.
Understanding the HS Code 07119030 and its associated regulations, duties, and tariff preference programs is crucial for businesses involved in the import and export of capers. Compliance with the customs requirements and accurate classification of the product can help streamline trade operations and ensure a smooth flow of goods across borders.