The HS Code 11072000 refers to malt that has been roasted. Malt is a key ingredient in the production of various beverages, including beer and whiskey. It is made by germinating cereal grains, typically barley, and then drying them in a process known as malting. Roasted malt adds color, flavor, and aroma to the final product.
When importing malt under HS Code 11072000, it is important to consider the associated duty rates. The bound or most-favored-nation (MFN) duty rate for this HS Code is 0.42 cents per kilogram. 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 quantity unit for malt under HS Code 11072000 is kilograms (KG). This unit of measurement is used to determine the quantity of malt being imported or exported.
There are also special tariff preference programs available for malt under HS Code 11072000. These programs provide certain countries with preferential treatment in terms of duty rates. For example, imports from least-developed beneficiary developing countries eligible for the Generalized System of Preferences (GSP) under this subheading receive duty-free treatment. Other special tariff preference programs include the Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Israel Special Rate, 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), and Peru Special Rate. Singapore also has a special rate for malt under this HS Code.
When it comes to importing malt under HS Code 11072000, there are certain states in the United States that are known for their export of this product. These states include Arkansas, Colorado, and Idaho. These states have favorable conditions for growing the cereal grains used to produce malt, making them key players in the malt industry.
HS Code 11072000 pertains to roasted malt, which is widely used in the production of beverages such as beer and whiskey. It is important to be aware of the duty rates and special tariff preference programs associated with this HS Code when importing or exporting malt. Additionally, states like Arkansas, Colorado, and Idaho are known for their export of malt under this HS Code.