Copra, classified under HS Code 12030000, is a product of immense importance in various industries. In this article, we will delve into the details of Copra, its description, quantity unit, and special tariff preference programs associated with it.
Copra refers to the dried kernel of coconuts. It is obtained by removing the husk and shell of the coconut, and then drying the kernel. Copra is commonly used for extracting coconut oil, which finds extensive applications in food, cosmetics, and pharmaceutical industries.
HS Code 12030000 is the specific code assigned to Copra for international trade purposes. This code is used globally to classify and identify Copra in customs documentation, ensuring smooth trade operations.
The bound / MFN (Most Favored Nation) duty rate for Copra is free. This means that whenever 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. The free duty rate encourages international trade and ensures fair treatment for all countries involved.
The quantity unit for Copra is kilograms (KG). This unit is used to measure the weight of Copra during import and export processes. Kilograms provide a standardized unit of measurement, making it easier to quantify and track the amount of Copra being traded.
Copra may be eligible for special tariff preference programs in certain countries. These programs offer preferential duty rates or duty-free treatment to promote trade and economic cooperation between nations. Below is a list of some countries and their associated special tariff preference programs for Copra:
It is important to consult the specific tariff schedules and guidelines of each country to determine the applicable duty rates and eligibility for special preference programs for Copra.
While the provided data does not include information on exporting US states, it specifies that Kansas is an importing state for Copra. Kansas serves as a significant market for Copra imports, indicating the demand and potential for this product within the state.
HS Code 12030000 categorizes Copra for international trade purposes. This article has provided a comprehensive overview of Copra, its description, quantity unit, and special tariff preference programs associated with it. Understanding the HS Code and the various aspects of Copra is essential for efficient global trade operations.