The HS Code 09042060 refers to a specific product category - Fruits of the genus Capsicum, other than paprika or anaheim and ancho pepper, not ground. This code is used for international trade purposes to classify and identify this particular product. Understanding the HS code and its associated data is essential for importers, exporters, and government authorities involved in global trade.
The product description of HS Code 09042060 specifies that it includes fruits of the Capsicum genus, excluding paprika or anaheim and ancho pepper varieties, and not in ground form. This code helps to differentiate this specific type of fruit from others in the market.
The bound / MFN (Most Favored Nation) duty rate for HS Code 09042060 is set at 2.5 cents per kilogram (kg). The concept of a bound duty rate suggests that 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 ensures fair and equal treatment for all countries participating in trade agreements.
The quantity unit for HS Code 09042060 is measured in kilograms (kg). This unit helps to standardize the measurement and reporting of the product's weight during import and export processes.
There are several special tariff preference programs associated with HS Code 09042060. These programs offer preferential treatment in terms of duty rates for specific countries. The countries eligible for these special rates include:
When it comes to importing HS Code 09042060, the following US states are involved:
On the other hand, the US states involved in exporting HS Code 09042060 are:
Understanding the HS Code 09042060 and its associated data is crucial for importers and exporters to comply with customs regulations and take advantage of special tariff preference programs. It facilitates smoother international trade and ensures accurate classification of products for trade statistics purposes.