Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 12022040: Everything You Need to Know

When it comes to international trade, it's crucial to have a clear understanding of the Harmonized System (HS) codes that identify specific products. In this article, we will delve into HS Code 12022040, which refers to peanuts (ground-nuts) that are not roasted or cooked, shelled, and are subject to additional US note 2 to Chapter 12.

Product Description: Peanuts, also known as ground-nuts, are a popular legume that is widely consumed around the world. HS Code 12022040 specifically refers to peanuts that are not roasted or cooked, and are sold in their shelled form. This code helps customs authorities and traders accurately classify and identify these specific peanuts during international trade.

Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for HS Code 12022040 is 6.6 cents per kilogram (kg). The MFN duty rate is applied when a country lowers a trade barrier or opens up a market, and it must be extended to all trading partners for the same goods or services.

Quantity Unit: The quantity unit for HS Code 12022040 is kilograms (kg). This means that the weight of the peanuts being imported or exported will be measured in kilograms.

Special Tariff Preference Programs: There are several special tariff preference programs that offer duty-free treatment for peanuts under HS Code 12022040. These programs include:

• Free: Certain countries excluded from Generalized System of Preferences (GSP) eligibility for that HTS subheading (duty-free treatment).
• Bahrain Special Rate: Duty-free treatment for peanuts imported from Bahrain.
• NAFTA for Canada: Duty-free treatment for peanuts imported from Canada under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Duty-free treatment for peanuts imported from Chile.
• Africa Growth and Opportunity Act (AGOA): Duty-free treatment for peanuts imported from eligible African countries under AGOA.
• Caribbean Basin Initiative (CBI): Duty-free treatment for peanuts imported from eligible Caribbean countries under the CBI.
• Israel Special Rate: Duty-free treatment for peanuts imported from Israel.
• Andean Trade Preference Act (ATPA): Duty-free treatment for peanuts imported from eligible Andean countries under the ATPA.
• Jordan Special Rate: Duty-free treatment for peanuts imported from Jordan.
• Morocco Special Rate: Duty-free treatment for peanuts imported from Morocco.
• Oman Special Rate: Duty-free treatment for peanuts imported from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Duty-free treatment for peanuts imported from eligible countries under the DR-CAFTA.
• Peru Special Rate: Duty-free treatment for peanuts imported from Peru.
• Singapore Special Rate: Duty-free treatment for peanuts imported from Singapore.

Importing US States: HS Code 12022040 applies to peanuts being imported into the United States. While the specific states exporting peanuts under this code are not mentioned, it is important to note that Kansas is known for its significant peanut production.

Exporting US States: Unfortunately, the data provided does not specify the US states that export peanuts under HS Code 12022040. However, the United States is known to be a major exporter of peanuts, particularly from states like Georgia, Texas, Alabama, and Florida.

HS Code 12022040 plays a vital role in identifying and classifying peanuts (ground-nuts) that are not roasted or cooked and are sold in their shelled form. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this code is essential for businesses engaged in international peanut trade.