Grapefruit, known for its tangy and refreshing taste, is a popular fruit enjoyed by many around the world. If you're involved in the import or export of grapefruit, it's essential to understand the HS Code 08054060 and the various regulations and preferences associated with it.
The HS Code serves as a standardized system for classifying and identifying goods in international trade. In the case of grapefruit, the HS Code 08054060 specifically refers to fresh or dried grapefruit imported or exported during the month of October.
The bound / MFN (Most Favored Nation) duty rate for grapefruit under HS Code 08054060 is 1.5 cents/kg. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that any trade concessions or benefits granted to one trading partner are also extended to all other trading partners for the same goods or services.
The quantity unit for grapefruit under HS Code 08054060 is kilograms (KG). This allows for accurate measurement and calculation of the quantity of grapefruit being imported or exported.
Grapefruit under HS Code 08054060 is eligible for various special tariff preference programs, offering reduced or duty-free treatment. These programs are designed to promote trade and economic cooperation between countries. Here are some of the special tariff preference programs applicable to grapefruit:
Note: The rates mentioned above are subject to change, and it is always advisable to consult the latest tariff schedules and regulations when importing or exporting grapefruit.
If you are importing grapefruit under HS Code 08054060 to the United States, the data indicates that the state of Delaware is involved in these import transactions. Delaware is known for its strategic location and well-established logistics infrastructure, making it a favorable entry point for imported goods.
Regarding the exporting of grapefruit under HS Code 08054060 from the United States, the specific data does not mention any particular states. It is essential to consider the overall grapefruit production and export capabilities of the United States, which is a significant player in the global grapefruit market.
understanding the HS Code 08054060 and its associated regulations, duty rates, and special tariff preference programs is crucial for anyone involved in the import or export of grapefruit. By staying informed and complying with the applicable rules and requirements, businesses can navigate the international trade landscape successfully and maximize opportunities in the grapefruit market.