Cassava, also known as manioc, is a staple crop in many parts of the world. It is a root vegetable that is rich in carbohydrates and is a significant source of energy. Cassava can be consumed in various forms, including frozen, sliced, or in the form of pellets. In this article, we will explore the HS code 07141010, which specifically refers to frozen cassava, whether or not sliced or in the form of pellets.
The HS code, also known as the Harmonized System code, is a standardized international system for classifying and categorizing traded products. It is used by customs authorities to determine the appropriate duties and tariffs for imported and exported goods. The HS code 07141010 is specifically assigned to frozen cassava, indicating that it falls under a specific category for customs purposes.
When importing or exporting cassava products, it is essential to be aware of the HS code to ensure compliance with customs regulations. The HS code 07141010 helps customs authorities identify the specific product and apply the appropriate duties and tariffs.
Bound / MFN duty rate for HS code 07141010 is 7.9%. The bound duty rate refers to the maximum tariff rate that a country can impose on a particular product. The Most Favored Nation (MFN) duty rate is the rate applied to all trading partners equally. 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. In the case of frozen cassava, the duty rate is 7.9%.
The quantity unit for HS code 07141010 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported cassava products. It is essential to accurately report the quantity in kilograms to ensure proper customs documentation.
There are also special tariff preference programs that may apply to the import or export of frozen cassava under HS code 07141010. These programs provide certain countries with preferential treatment, including duty-free access to specific markets. The following countries and programs offer special tariff preferences for frozen cassava:
These special tariff preference programs aim to promote trade and economic development between the participating countries by reducing or eliminating import duties and tariffs for specific goods, including frozen cassava.
HS code 07141010 refers to frozen cassava, whether or not sliced or in the form of pellets. It is essential for importers and exporters of cassava products to be familiar with this HS code to comply with customs regulations and determine the appropriate duties and tariffs. Additionally, there are special tariff preference programs that provide certain countries with preferential treatment, including duty-free access to specific markets. Understanding the HS code and special tariff preference programs is crucial for successful international trade in frozen cassava.