HS Code 11063020: Flour, Meal and Powder of Banana and Plantain
Flour, meal, and powder of banana and plantain fall under the HS Code 11063020. This code is used to classify and identify this specific product in international trade. In this article, we will explore the details of this HS Code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
Product Description: The HS Code 11063020 covers flour, meal, and powder made from bananas and plantains. These products are derived from the processing and grinding of these fruits. They are commonly used in various culinary applications, including baking, cooking, and as ingredients in a wide range of food products.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for HS Code 11063020 is 2.8%. The MFN duty rate ensures that every country lowers its trade barriers or opens up its markets in a non-discriminatory manner for the same goods or services from all its trading partners. This rate applies uniformly to all countries trading this product.
Quantity Unit: The quantity unit for HS Code 11063020 is kilograms (KG). This unit of measurement is used to determine the weight of the product being traded internationally.
Special Tariff Preference Programs: There are several special tariff preference programs applicable to HS Code 11063020. These programs provide certain countries with preferential treatment, including duty-free access to the respective markets. Here are the details of the special tariff preference programs:
- Free: Certain countries excluded from GSP eligibility for that HTS subheading (duty-free treatment)
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
Importing US States: HS Code 11063020 is imported by various US states. One of the notable states importing this product is Arkansas.
Exporting US States: Arkansas is also one of the US states that export HS Code 11063020.
HS Code 11063020 represents flour, meal, and powder made from bananas and plantains. It is classified under this code for international trade purposes. The code provides important information about the product, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states. Understanding this HS Code is essential for businesses involved in the import and export of flour, meal, and powder derived from bananas and plantains.
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