The HS Code 12051000 refers to low erucic acid rape or colza seeds, whether or not broken. This code is used to classify and identify this specific type of agricultural product for international trade purposes. Understanding the HS code is important for importers, exporters, and customs officials as it helps in accurately categorizing and tracking goods.
Low erucic acid rape or colza seeds are commonly used in the production of vegetable oil and animal feed. These seeds have a lower content of erucic acid, which makes them suitable for various applications. The HS code provides specific details about the product, including its description, quantity unit, and any applicable tariff rates or special tariff preference programs.
The product description states that the code covers both whole and broken seeds. This means that the seeds can be imported or exported in various forms, depending on the requirements of the buyer or seller. It is important to note that the HS code is internationally recognized and used by countries worldwide, ensuring consistency and clarity in trade transactions.
The bound / MFN duty rate for HS Code 12051000 is 0.58 cents per kilogram. This duty rate applies whenever a country lowers a trade barrier or opens up a market, and it must be applied uniformly to all trading partners for the same goods or services. The duty rate helps in determining the cost implications of importing or exporting low erucic acid rape or colza seeds.
The quantity unit for HS Code 12051000 is kilograms (KG). This means that the weight of the seeds is measured in kilograms for trade purposes. Importers and exporters need to accurately determine the weight of the goods to calculate costs, logistics, and comply with regulatory requirements.
There are several special tariff preference programs applicable to low erucic acid rape or colza seeds under HS Code 12051000. These programs provide specific benefits and exemptions for certain countries or regions. The following programs are relevant:
These special tariff preference programs aim to promote trade, economic growth, and development by providing incentives for certain countries or regions. Importers and exporters should be aware of these programs and the specific requirements to enjoy the benefits they offer.
For HS Code 12051000, the importing US states are Kansas and North Dakota. This means that these states are actively involved in importing low erucic acid rape or colza seeds. Importers in these states should be familiar with the regulations, customs procedures, and any additional requirements related to the importation of this product.
On the other hand, the exporting US state for HS Code 12051000 is North Dakota. This indicates that North Dakota is a significant producer and exporter of low erucic acid rape or colza seeds. Exporters in North Dakota should ensure compliance with international trade regulations and explore potential markets for their products.
understanding the HS Code 12051000 is crucial for effectively importing, exporting, and regulating low erucic acid rape or colza seeds. The code provides detailed information about the product, tariff rates, and special tariff preference programs. Importers, exporters, and customs officials should be familiar with the code to ensure accurate classification and smooth trade transactions.