HS Code 08029094: Kola nuts, fresh or dried, shelled
Kola nuts, fresh or dried, shelled fall under HS Code 08029094. This article will provide an extensive overview of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and information about the importing and exporting US states.
Product Description: Kola nuts, fresh or dried, shelled are categorized under this HS code. Kola nuts, commonly found in West Africa, are the seed pods of the kola tree. They are often used as a flavoring ingredient in beverages, such as cola drinks, and are also known for their stimulant properties.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 08029094 is 5 cents/kg. 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 duty rate ensures fair trade practices and equal treatment for all trading partners.
Quantity Unit: The quantity unit for this HS code is kilograms (KG). This unit of measurement is commonly used for trade and ensures consistency in calculating the quantity of kola nuts being imported or exported.
Special Tariff Preference Programs: Certain countries and special rate programs offer preferential treatment for kola nuts under this HS code. The following countries and programs provide duty-free treatment or special rates for kola nuts:
- Free: Certain countries excluded from GSP eligibility for that HTS subheading
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods, such as kola nuts.
Importing US States: The following US states are known to import kola nuts under HS Code 08029094:
- New Jersey
- Virginia
- New Mexico
- New Mexico
- New Mexico
- New Mexico
- New Mexico
- New Mexico
These states play a crucial role in the importation of kola nuts and contribute to the overall trade of this product within the United States.
Exporting US States: On the other hand, the following US state(s) are known to export kola nuts under HS Code 08029094:
- California
- New Mexico
- New Mexico
- New Mexico
- New Mexico
- New Mexico
- New Mexico
These states actively participate in the exportation of kola nuts, showcasing the significance of inter-state trade within the United States.
HS Code 08029094 represents kola nuts, fresh or dried, shelled. This article provided an extensive overview of this HS code, covering its product description, duty rates, quantity unit, special tariff preference programs, and information about the importing and exporting US states. Understanding the details of this HS code is crucial for traders, importers, exporters, and policymakers involved in the kola nut trade.
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