HS Code 12021005: Peanuts (ground-nuts), not roasted or cooked, in shell
Peanuts, also known as ground-nuts, are a popular snack enjoyed by people all over the world. They are not only delicious but also packed with nutrients, making them a healthy choice. In this article, we will explore the HS Code 12021005, which specifically refers to peanuts that are not roasted or cooked and are still in their shells.
HS Code 12021005 is used to classify peanuts in international trade. This code helps customs authorities and traders identify and categorize the product for various purposes, such as import/export regulations, tariff rates, and statistical analysis. It provides a standardized system for classifying goods across different countries.
The product description for HS Code 12021005 states that it includes peanuts in their shell, which means that the outer covering of the peanuts is intact. This distinguishes them from shelled peanuts, which have had their shells removed. The code also mentions that the peanuts should not be roasted or cooked.
When it comes to trade barriers and market access, the HS Code 12021005 is subject to general note 15 of the HTS (Harmonized Tariff Schedule). This note specifies 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. This principle ensures fair and non-discriminatory treatment in international trade.
The bound and MFN (Most Favored Nation) duty rate for HS Code 12021005 is 9.35 cents per kilogram (KG). This rate applies to all countries unless they have special tariff preference programs in place. The duty rate is a fee imposed on imported goods by the importing country's government.
In the case of HS Code 12021005, several special tariff preference programs exist that provide certain countries with preferential treatment or duty-free access to the US market. These programs include:
1. A+ (Least-Developed Beneficiary Developing Countries): Only imports from least-developed beneficiary developing countries are eligible for duty-free treatment under this subheading.
2. Australia Special Rate: Australia enjoys a special rate for importing peanuts under this program.
3. Bahrain Special Rate: Bahrain has a special rate for importing peanuts under this program.
4. NAFTA (North American Free Trade Agreement) for Canada: Canada benefits from duty-free treatment for importing peanuts under NAFTA.
5. Chile Special Rate: Chile enjoys a special rate for importing peanuts under this program.
6. Africa Growth and Opportunity Act (AGOA): Peanuts imported from eligible African countries under AGOA receive duty-free treatment.
7. Caribbean Basin Initiative (CBI): Peanuts imported from eligible Caribbean countries under CBI receive duty-free treatment.
8. Israel Special Rate: Israel has a special rate for importing peanuts under this program.
9. Andean Trade Preference Act (ATPA): Peanuts imported from eligible Andean countries under ATPA receive duty-free treatment.
10. Jordan Special Rate: Jordan enjoys a special rate for importing peanuts under this program.
11. Morocco Special Rate: Morocco has a special rate for importing peanuts under this program.
12. NAFTA for Mexico: Mexico benefits from duty-free treatment for importing peanuts under NAFTA.
13. Oman Special Rate: Oman enjoys a special rate for importing peanuts under this program.
14. Dominican Republic-Central American Special Rate (DR-CAFTA): Peanuts imported from eligible countries in the DR-CAFTA region receive duty-free treatment.
15. Peru Special Rate: Peru has a special rate for importing peanuts under this program.
16. Singapore Special Rate: Singapore enjoys a special rate for importing peanuts under this program.
If you are importing peanuts classified under HS Code 12021005 to the United States, it is important to consider the special tariff preference programs that may apply. These programs can help reduce or eliminate the duty rate, making your imports more cost-effective.
In terms of specific US states involved in importing or exporting peanuts under HS Code 12021005, Kansas is mentioned as both an importing and exporting state. This indicates that Kansas plays a significant role in the trade of peanuts, possibly due to its agricultural production or processing facilities.
HS Code 12021005 refers to peanuts (ground-nuts) that are not roasted or cooked and are still in their shells. This code helps classify the product for international trade purposes. It is subject to general note 15 of the HTS, and the duty rate is 9.35 cents per kilogram. Various special tariff preference programs exist, providing certain countries with duty-free access or preferential treatment. Kansas is mentioned as an important state involved in the import and export of peanuts under this HS Code.
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