HS Code 08012200: Brazil Nuts, Fresh or Dried, Shelled
Brazil nuts, also known as Bertholletia excelsa, are a delicious and nutritious nut that is native to the Amazon rainforest. These nuts are highly valued for their unique flavor and are often enjoyed as a snack or used in various culinary creations. If you are interested in importing or exporting Brazil nuts, it is important to understand the HS Code 08012200. This code is used to classify and identify Brazil nuts in international trade.
The HS Code 08012200 specifically refers to Brazil nuts that are fresh or dried and have been shelled. This means that the hard outer shell has been removed, making them ready to be consumed or used in different products. The code provides a standardized classification system that allows customs officials and traders to easily identify and track these specific nuts.
When importing or exporting Brazil nuts, it is crucial to be aware of the bound and most-favored-nation (MFN) duty rates associated with HS Code 08012200. The bound duty rate is the maximum rate that a country can impose on imports of a particular product. In the case of Brazil nuts, the bound duty rate is free, meaning that no duty or tax is applied.
The MFN duty rate, on the other hand, is the rate that a country applies to imports from its most-favored-nation trading partners. It is important to note that the MFN duty rate can vary from country to country. However, if 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. Therefore, the MFN duty rate for Brazil nuts under HS Code 08012200 is also free.
In addition to the duty rates, it is worth mentioning the special tariff preference programs that may apply to Brazil nuts. These programs provide additional benefits and incentives for certain countries. For HS Code 08012200, the following special tariff preference programs apply:
- Generalized System of Preferences (GSP): This program offers duty-free treatment for eligible products from developing countries.
- Australia Special Rate: Australia provides a special rate for Brazil nuts, allowing them to be imported duty-free.
- Bahrain Special Rate: Bahrain also offers a special rate for Brazil nuts, exempting them from duty.
- NAFTA: Canada and Mexico, under the North American Free Trade Agreement (NAFTA), provide duty-free treatment for Brazil nuts.
- Chile Special Rate: Chile has a special rate for Brazil nuts, allowing them to be imported duty-free.
- Caribbean Basin Initiative (CBI): This program provides duty-free treatment for eligible products from certain Caribbean countries.
- Israel Special Rate: Israel offers duty-free treatment for Brazil nuts under a special rate.
- Andean Trade Preference Act (ATPA): This program provides duty-free treatment for eligible products from certain Andean countries.
- Jordan Special Rate: Jordan offers a special rate for Brazil nuts, allowing them to be imported duty-free.
- Morocco Special Rate: Morocco provides a special rate for Brazil nuts, exempting them from duty.
- Oman Special Rate: Oman offers a special rate for Brazil nuts, allowing them to be imported duty-free.
- Dominican Republic-Central American Special Rate (DR-CAFTA): This program provides duty-free treatment for eligible products from the Dominican Republic and Central American countries.
- Peru Special Rate: Peru has a special rate for Brazil nuts, allowing them to be imported duty-free.
- Singapore Special Rate: Singapore offers duty-free treatment for Brazil nuts under a special rate.
In terms of quantity, Brazil nuts are usually measured in kilograms (KG). This is the standard unit used to determine the weight of the nuts during import or export transactions.
the HS Code 08012200 is a crucial classification for Brazil nuts, indicating their status as fresh or dried, shelled nuts. Understanding this code is essential for importers and exporters of Brazil nuts to ensure compliance with duty rates and take advantage of any special tariff preference programs. With its rich flavor and numerous health benefits, Brazil nuts continue to be a popular choice for consumers worldwide.
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