When it comes to international trade, the Harmonized System (HS) Code serves as a universal language for classifying and categorizing goods. Each HS Code represents a specific product or commodity, making it easier for countries to regulate and track imports and exports. In this article, we will delve into the details of HS Code 08112040, which covers blackberries, mulberries, and white or red currants that are frozen and either in water or containing added sweetening.
HS Code 08112040 encompasses a range of frozen berries, including blackberries, mulberries, and currants. These fruits are typically harvested and frozen to preserve their freshness and nutritional value. Frozen berries have gained popularity in recent years due to their convenience and versatility in various culinary applications.
The Bound/MFN duty rate for HS Code 08112040 is 9%. 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 of 9% applies to the value of the imported product, which helps regulate and protect domestic industries while facilitating international trade.
The quantity unit for HS Code 08112040 is kilograms (KG). This standard unit of measurement ensures consistency and accuracy in the calculation and reporting of trade volumes. Importers and exporters can easily determine the weight and quantity of frozen berries being traded using this unit.
In addition to the duty rate and quantity unit, there are also special tariff preference programs associated with HS Code 08112040. These programs provide specific benefits and exemptions to eligible countries or regions, promoting trade and economic cooperation. For this HS Code, the following special tariff preference programs apply:
These special tariff preference programs aim to promote economic growth and cooperation between countries by offering various incentives and benefits for importers and exporters. It is essential for traders to be aware of these programs to leverage the advantages they provide.
HS Code 08112040 is relevant to both importing and exporting US states. This means that the code applies to frozen blackberries, mulberries, and currants being imported into or exported from any state within the United States. The uniform application of the HS Code ensures consistency and transparency in trade operations across different regions.
HS Code 08112040 plays a crucial role in facilitating the international trade of frozen blackberries, mulberries, and currants. It provides a standardized classification for these products, along with duty rates, quantity units, and special tariff preference programs. Understanding and complying with the regulations associated with this HS Code is essential for businesses engaged in the import and export of frozen berries.