If you are involved in the import or export of dried fennel, marjoram, parsley, savory, or tarragon, then the HS Code 07129060 is of great significance to you. This code is used to classify these specific products for international trade purposes, enabling seamless import and export operations.
The product description under this HS code includes dried fennel, marjoram, parsley, savory, and tarragon, whether in their crude form or not manufactured. This code ensures that the products are properly identified and categorized for customs and regulatory purposes.
One important aspect to note about the HS Code 07129060 is the bound / MFN (Most Favored Nation) duty rate. This rate indicates that when 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. In the case of this HS code, the bound / MFN duty rate is free, meaning that no duty is charged on the import or export of these dried herbs.
The quantity unit for this HS code is kilograms (KG). This ensures uniformity in measuring and quantifying the products during trade transactions. It is important for importers and exporters to accurately declare the weight of their shipments in kilograms to comply with customs regulations.
In addition to the bound / MFN duty rate, there are also special tariff preference programs associated with the HS Code 07129060. These programs provide specific tariff rates or exemptions for certain countries. The following special tariff preference programs apply to this HS code:
For specific countries, there are additional special rates applicable:
These special tariff preference programs provide opportunities for importers and exporters to benefit from reduced or exempted tariffs, enhancing the competitiveness of their businesses in specific markets.
In terms of importing, the HS Code 07129060 is relevant for all US states. This means that the code applies to the import of dried fennel, marjoram, parsley, savory, and tarragon into any state within the United States. Similarly, for exporting, this HS code is applicable to all US states, allowing businesses to export these dried herbs from any state within the country.
the HS Code 07129060 plays a crucial role in the import and export of dried fennel, marjoram, parsley, savory, and tarragon. It ensures proper classification, facilitates customs procedures, and provides valuable information regarding duty rates and special tariff preference programs. Understanding and correctly utilizing this HS code is essential for businesses involved in the international trade of these dried herbs.