The HS Code 11052000 refers to flakes, granules, and pellets made from potatoes. This code is used to classify and identify these specific potato products for international trade purposes.
When importing or exporting goods, it is essential to use the correct HS code to ensure smooth customs processes and accurate categorization. HS codes are standardized internationally, allowing countries to regulate and track the flow of goods more efficiently.
Flakes, granules, and pellets of potatoes are classified under HS Code 11052000. This code specifically applies to processed potato products that have been transformed into flakes, granules, or pellets. These products are typically used in the food industry for various purposes, such as making instant mashed potatoes or snack foods.
Currently, the bound or most-favored-nation (MFN) duty rate for HS Code 11052000 is 1.3 cents/kg. The MFN duty rate is the standard rate applied to imports from all trading partners, ensuring equal treatment of goods or services. However, countries may offer special tariff preference programs that provide duty-free treatment or reduced rates for specific trading partners.
The quantity unit for HS Code 11052000 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported potato flakes, granules, or pellets.
Several special tariff preference programs are applicable to imports classified under HS Code 11052000. These programs provide favorable treatment, such as duty-free status or reduced rates, for specific trading partners or beneficiary developing countries. The programs include:
Each program offers different benefits and eligibility criteria, such as duty-free treatment for imports from least-developed beneficiary developing countries (under the GSP subheading), special rates for specific countries (e.g., Australia, Bahrain, Canada under NAFTA, Chile, etc.), and preferential treatment under various trade agreements (e.g., AGOA, CBI, Israel Special Rate, ATPA, Jordan Special Rate, Morocco Special Rate, DR-CAFTA, Peru Special Rate, and Singapore Special Rate).
HS Code 11052000 applies to imports and exports of flakes, granules, and pellets of potatoes to and from various US states. One of the notable states involved in these trade activities is Arkansas.
Arkansas, located in the southern region of the United States, plays a significant role in the production and export of agricultural products, including potatoes. The state's favorable climate and fertile soil make it an ideal location for potato cultivation.
With the use of HS Code 11052000, Arkansas can accurately classify and track its exports of potato flakes, granules, and pellets, ensuring compliance with international trade regulations and benefiting from any applicable tariff preference programs.
Furthermore, Arkansas may also import potato products classified under HS Code 11052000 from other US states or countries. By using the correct HS code, importers in Arkansas can facilitate smooth customs clearance and accurately report their imports for statistical and regulatory purposes.
HS Code 11052000 is crucial for the proper classification and regulation of flakes, granules, and pellets made from potatoes for international trade. This code enables accurate tracking, duty rate determination, and access to special tariff preference programs. Importers and exporters, including those in Arkansas, can benefit from understanding and correctly using this HS code in their trade activities.