Peanuts, also known as ground-nuts, are a popular snack enjoyed by people all over the world. These legumes are not only delicious but also packed with essential nutrients. In the world of international trade, peanuts fall under the HS Code 12021080. This code is used to classify peanuts that are not roasted or cooked and are still in their shells.
The HS Code 12021080 specifically refers to peanuts in shell that are not subject to General Note 15 or Additional US Note 2 to Chapter 12. This means that the peanuts are in their natural state and have not undergone any roasting or cooking processes. Peanuts in shell are a common form of peanuts found in various markets worldwide.
The bound / most-favored-nation (MFN) duty rate for HS Code 12021080 is 163.8%. The MFN principle states 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 duty rate applies to all countries importing peanuts in shell under this HS Code.
The quantity unit for HS Code 12021080 is kilograms (KG). This means that the weight of peanuts in shell is measured in kilograms when importing or exporting them.
There are several special tariff preference programs applicable to peanuts in shell under HS Code 12021080:
It is important for importers and exporters to be aware of these special tariff preference programs to benefit from reduced duty rates or duty-free treatment when trading peanuts in shell under HS Code 12021080.
While there is no specific information provided regarding the exporting US states for peanuts in shell under HS Code 12021080, it is worth noting that the state of Kansas is known for its peanut production. Kansas is a significant contributor to the peanut industry in the United States, and it is likely that peanuts in shell from Kansas are exported to various destinations around the world.
HS Code 12021080 represents peanuts (ground-nuts) in shell that are not roasted or cooked. This code helps classify and regulate the international trade of peanuts in shell. Importers and exporters should be familiar with the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS Code to ensure compliance and optimize trade opportunities.