The HS Code 07135010 refers to the seeds of broad beans and horse beans that are specifically used for sowing purposes. This code is utilized for international trade and helps in identifying and classifying the products for customs and tariff purposes.
The product description states that the seeds included in this HS code are specifically intended for sowing purposes. Broad beans and horse beans are both legume crops that are commonly grown for their edible seeds. However, the seeds covered by this HS code are specifically used for planting and cultivating new crops.
When it comes to the tariff rates, the bound or MFN (Most Favored Nation) duty rate for these seeds is 1.5 cents per kilogram (KG). This means that whenever 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. This duty rate ensures fair and equal treatment for all trading partners.
The quantity unit for this HS code is kilograms (KG), which is the standard unit of measurement for weight in international trade. This unit allows for easy and consistent measurement of the quantity of seeds being imported or exported.
There are also special tariff preference programs in place for the seeds covered by this HS code. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries included in these special tariff preference programs are:
These special tariff preference programs aim to promote trade and economic cooperation between the US and these countries by providing them with favorable trade conditions.
When it comes to the importing and exporting states within the US, the data shows that the seeds covered by this HS code are primarily imported by North Dakota. The exporting states include Montana, North Dakota, and Wyoming. These states are involved in the trade of these seeds, either as importers or exporters, indicating the demand and supply dynamics of the product within the US.
the HS Code 07135010 refers to the seeds of broad beans and horse beans used for sowing purposes. This code helps in identifying and classifying the product for international trade and tariff purposes. The code is associated with a specific duty rate, quantity unit, and special tariff preference programs. Understanding the HS code and its related information is crucial for businesses involved in the import and export of these seeds.