The HS Code 12022080 refers to peanuts (ground-nuts) that are not roasted or cooked, shelled, and not subject to general note 15 or additional US note 2 to Chapter 12. In this article, we will delve into the details of this HS code, including its product description, duty rates, special tariff preference programs, and relevant importing and exporting US states.
The HS Code 12022080 encompasses peanuts (ground-nuts) that are in their natural, unroasted, and uncooked state. These peanuts are shelled, meaning that the outer shell has been removed, leaving the edible part of the nut intact. It is important to note that this HS code excludes peanuts that are subject to general note 15 or additional US note 2 to Chapter 12. These notes may pertain to specific conditions or regulations that apply to certain types of peanuts.
The bound / MFN (Most Favored Nation) duty rate for HS Code 12022080 is 131.8%. 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 is applicable regardless of the country of origin or destination. It is essential for importers and exporters to consider this duty rate when engaging in international trade involving peanuts under this HS code.
The quantity unit for HS Code 12022080 is kilograms (KG). This means that the weight of the peanuts being imported or exported should be measured in kilograms. It is crucial to accurately determine the weight in order to comply with the relevant trade regulations and calculate duties or taxes associated with the quantity of peanuts being traded.
There are several special tariff preference programs applicable to HS Code 12022080:
These special tariff preference programs allow certain countries to enjoy reduced or duty-free rates for importing peanuts under HS Code 12022080. Importers should carefully review the specific requirements and conditions associated with each program to take advantage of these preferential rates.
While the provided data does not specify the exporting US states, it indicates that the importing US state for HS Code 12022080 is Kansas. This implies that the peanuts falling under this HS code are primarily imported into the state of Kansas within the United States.
Understanding the HS Code 12022080 is essential for importers, exporters, and traders involved in the peanut industry. By familiarizing themselves with the product description, duty rates, special tariff preference programs, and relevant US states, stakeholders can navigate international trade transactions more effectively and comply with the regulations governing the import and export of peanuts under this HS code.