Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 12040000: Flaxseed (linseed), whether or not broken

The HS Code 12040000 refers to flaxseed, also known as linseed, whether it is broken or not. This code is used to classify the specific product for international trade purposes. In this article, we will explore more details about this HS code and its relevance in the global market.

Product Description

Flaxseed, scientifically known as Linum usitatissimum, is a plant that produces small, shiny seeds. These seeds are rich in nutrients like omega-3 fatty acids, fiber, and antioxidants. Flaxseed is widely used in various industries, including food, cosmetics, and textiles.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for HS Code 12040000 is 0.39 cents per kilogram. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the import of flaxseed from all its trading partners. This rate ensures fair trade practices and prevents discrimination among trading nations.

Quantity Unit

The quantity unit for HS Code 12040000 is kilograms (KG). Kilogram is the standard unit of measurement used to quantify the weight of flaxseed during import or export transactions.

Special Tariff Preference Programs

Flaxseed imports under HS Code 12040000 may qualify for special tariff preference programs. These programs grant certain countries preferential treatment, including duty-free or reduced duty rates, based on their trade agreements with the importing country. The following are some of the special tariff preference programs applicable to flaxseed imports:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
• Australia Special Rate: Australia has a special rate for flaxseed imports.
• Bahrain Special Rate: Bahrain offers a special rate for flaxseed imports.
• NAFTA for Canada: Flaxseed imports from Canada enjoy duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Chile has a special rate for flaxseed imports.
• Africa Growth and Opportunity Act (AGOA): Flaxseed imports from eligible African countries receive duty-free treatment under AGOA.
• Caribbean Basin Initiative (CBI): Flaxseed imports from eligible Caribbean countries receive duty-free treatment under CBI.
• Israel Special Rate: Israel offers a special rate for flaxseed imports.
• Andean Trade Preference Act (ATPA): Flaxseed imports from eligible Andean countries receive preferential treatment under ATPA.
• Jordan Special Rate: Jordan has a special rate for flaxseed imports.
• Morocco Special Rate: Morocco offers a special rate for flaxseed imports.
• NAFTA for Mexico: Flaxseed imports from Mexico enjoy duty-free treatment under NAFTA.
• Oman Special Rate: Oman offers a special rate for flaxseed imports.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Flaxseed imports from eligible countries in the DR-CAFTA region receive preferential treatment.
• Peru Special Rate: Peru has a special rate for flaxseed imports.
• Singapore Special Rate: Singapore offers a special rate for flaxseed imports.

Importing and Exporting US States

While the provided data does not specify the exporting states, it mentions that the importing state for flaxseed under HS Code 12040000 is Kansas. Kansas is known for its agricultural industry, and it seems to have a demand for flaxseed imports.

HS Code 12040000 represents flaxseed, whether it is broken or not, for international trade purposes. This code helps in classifying and regulating the import and export of flaxseed worldwide. Understanding the HS code, product description, duty rates, and special tariff preference programs associated with flaxseed imports is essential for businesses and traders involved in the global flaxseed market.