The HS Code 07149042 refers to a specific product category: Other mixtures of Chinese water chestnuts, frozen. This code is used by customs authorities to classify and track the import and export of goods. Understanding the HS Code is essential for importers, exporters, and trade professionals as it helps ensure compliance with trade regulations and determine the applicable tariffs and duties.
The product description for HS Code 07149042 clearly states that it pertains to frozen mixtures of Chinese water chestnuts. Water chestnuts are a type of aquatic vegetable commonly used in Asian cuisine. They have a crunchy texture and a slightly sweet taste, making them a popular ingredient in various dishes.
When importing or exporting goods classified under HS Code 07149042, it is crucial to be aware of the associated duty rates. The bound or most-favored-nation (MFN) duty rate for this code is set at 14%. This means that every time 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.
The quantity unit for HS Code 07149042 is measured in kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods. It is essential for accurate record-keeping and calculating the overall quantity of the product being traded.
In addition to the duty rate, it is also important to consider any special tariff preference programs that may apply to HS Code 07149042. Certain countries and regions offer preferential treatment or lower duty rates for specific goods. For this HS code, the following special tariff preference programs apply:
These special tariff preference programs aim to promote trade and economic cooperation between countries and regions. Importers and exporters should take advantage of these programs to reduce costs and enhance their competitiveness in the international market.
When it comes to importing and exporting goods classified under HS Code 07149042, it is essential to consider the specific regulations and requirements of both the importing and exporting US states. Each state may have its own rules and procedures for the entry or exit of goods, including documentation, inspections, and any additional fees or taxes. Compliance with these state-specific regulations is crucial for a smooth and efficient trade process.
HS Code 07149042 represents frozen mixtures of Chinese water chestnuts. Understanding this code, along with its associated duty rates and special tariff preference programs, is vital for importers, exporters, and trade professionals. By staying informed and complying with trade regulations, businesses can effectively navigate the global market and maximize their opportunities for success.