Corn (maize) starch, classified under HS code 11081200, is a versatile and widely used product in various industries. This article aims to provide in-depth information about this product, including its description, duty rates, quantity units, and special tariff preference programs.
Corn (maize) starch is a fine white powder derived from the endosperm of corn kernels. It is commonly used as a thickening agent, stabilizer, and binder in a wide range of food and industrial applications. The starch is extracted through a process that involves grinding the corn kernels, separating the starch from the other components, and drying it to obtain a powder form.
The HS Code 11081200 is specifically assigned to corn (maize) starch. HS codes are internationally recognized codes that classify products for customs and trade purposes. They ensure uniformity and consistency in the classification of goods across different countries. This code allows for easy identification and tracking of the product during international trade transactions.
The bound / MFN (Most Favored Nation) duty rate for corn (maize) starch is 0.54 cents/kg. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners of a country. This duty rate is subject to change based on international trade agreements and negotiations.
The quantity unit for corn (maize) starch is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of the product being imported or exported. It allows for accurate calculation of quantities and ensures consistency in trade transactions.
Corn (maize) starch under HS code 11081200 is eligible for various special tariff preference programs. These programs provide specific benefits and exemptions to encourage trade between countries. The following special tariff preference programs apply to corn (maize) starch:
These special tariff preference programs aim to reduce trade barriers, promote economic cooperation, and facilitate the movement of goods between countries. They offer preferential treatment such as reduced or eliminated duties, which can significantly benefit importers and exporters of corn (maize) starch.
Corn (maize) starch under HS code 11081200 is imported and exported by various US states. The exact states involved in the import and export of this product may vary depending on market demand, production capacity, and other factors. Some of the prominent importing and exporting US states for corn (maize) starch include:
These states play a crucial role in the trade of corn (maize) starch, ensuring its availability and distribution within the United States and to international markets.
corn (maize) starch classified under HS code 11081200 is a valuable product with diverse applications. Its HS code, duty rates, and special tariff preference programs facilitate international trade and promote economic cooperation. Understanding these aspects is essential for importers, exporters, and other stakeholders involved in the corn (maize) starch industry.