The HS Code 08055030 refers to a specific category of limes known as Tahitian lines, Persian limes, and other limes of the Citrus latifolia variety. These limes can be either fresh or dried. This article will provide an extensive overview of this HS code and its implications in international trade.
The product described under HS Code 08055030 includes various types of limes, specifically those belonging to the Citrus latifolia variety. Tahitian limes and Persian limes are the most well-known varieties falling under this category. These limes can be sourced either in their fresh state or in a dried form.
The bound / MFN (Most Favored Nation) duty rate for HS Code 08055030 is 0.8%. According to international trade regulations, whenever 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. This implies that the duty rate of 0.8% applies uniformly to all countries importing or exporting limes falling under this HS code.
The quantity unit used for measuring the trade of limes falling under HS Code 08055030 is kilograms (KG). This unit is universally recognized and allows for standardized measurement and comparison of lime quantities in international trade.
Several special tariff preference programs apply to the import and export of limes falling under HS Code 08055030. These programs provide certain countries with preferential treatment, including duty-free access to the respective markets. The countries eligible for such preferential treatment under specific programs are:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating customs duties on specific goods, including limes of the Citrus latifolia variety.
While the data provided does not specify the exporting countries, it does mention that the importing US state is Delaware. This implies that limes falling under HS Code 08055030 are being imported into the state of Delaware.
HS Code 08055030 encompasses Tahitian lines, Persian limes, and other limes of the Citrus latifolia variety, whether fresh or dried. It is important for importers, exporters, and traders to be aware of the specific product description, duty rates, quantity units, and special tariff preference programs associated with this HS code. Understanding the regulations and preferential treatment can help facilitate international trade and promote the growth of the lime industry.