The HS Code 07129070 refers to dried fennel, marjoram, savory, and tarragon nesi that are whole, cut, sliced, broken, or in powder form, but not further prepared. This code is used to classify and regulate the import and export of these specific herbs.
When importing or exporting dried fennel, marjoram, savory, and tarragon nesi, it is important to be aware of the regulations and duty rates associated with this HS code. The bound / MFN (Most Favored Nation) duty rate for this product is 1.9%. 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 quantity unit for this HS code is kilograms (KG). This is the standard unit of measurement used to determine the weight of the imported or exported product.
There are also special tariff preference programs available for dried fennel, marjoram, savory, and tarragon nesi under the HS Code 07129070. These programs provide certain countries with preferential treatment in terms of duty rates. The countries eligible for these special tariff preferences are: Australia (A), Austria (AU), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Panama (P), Peru (PE), Singapore (SG).
Under the Generalized System of Preferences (GSP), these herbs are eligible for duty-free treatment. Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Dominican Republic-Central American countries (under DR-CAFTA), Peru, and Singapore also have special rates for these products.
It is important to note that the HS Code 07129070 specifically applies to the import and export of dried fennel, marjoram, savory, and tarragon nesi. Other herbs or spices may have different HS codes and regulations associated with them. Therefore, it is crucial to accurately classify and declare the correct HS code when conducting international trade involving these products.
the HS Code 07129070 is used to classify and regulate the import and export of dried fennel, marjoram, savory, and tarragon nesi. It is important for traders and businesses to be aware of the duty rates, quantity unit, and special tariff preference programs associated with this HS code to ensure compliance and smooth international trade.