The HS Code 07141020 refers to a specific category of products known as Cassava (manioc). This includes fresh, chilled, or dried cassava, regardless of whether it is sliced or in the form of pellets. This HS code is used to classify and identify this particular type of agricultural product for international trade purposes.
When importing or exporting cassava products, it is essential to correctly use the HS Code 07141020 to ensure proper classification and adherence to trade regulations. This code is used globally to facilitate the tracking and regulation of goods as they move across borders.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 07141020 is 11.3%. 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. This duty rate is applicable to cassava imports or exports under this specific HS code.
The quantity unit for cassava products classified under HS Code 07141020 is kilograms (KG). This unit of measurement is used to quantify the weight of cassava being imported or exported. It allows for accurate tracking and documentation of the quantity of cassava being traded.
Cassava products classified under HS Code 07141020 are eligible for various special tariff preference programs. These programs offer different duty rates or even duty-free treatment for qualifying countries. The following countries and programs provide preferential treatment for cassava imports:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating trade barriers for certain goods, including cassava.
The HS Code 07141020 applies to cassava imports and exports to and from various US states. The specific states involved in importing or exporting cassava under this HS code may vary depending on market demand and trade relationships.
Some of the US states that are commonly involved in importing cassava products classified under HS Code 07141020 include:
On the other hand, the US states that are commonly involved in exporting cassava products classified under HS Code 07141020 include:
These US states play a significant role in the import and export of cassava, contributing to the global trade of this agricultural product.
the HS Code 07141020 is used to classify and identify cassava products for international trade purposes. It is essential to correctly use this code when importing or exporting cassava to ensure proper classification and adherence to trade regulations. The bound duty rate, quantity unit, and special tariff preference programs associated with this HS code provide valuable information for businesses and traders involved in the cassava trade. Understanding the specific requirements and regulations related to this HS code is crucial for successful international trade in cassava products.