Sesame seeds, whether broken or not, fall under the HS Code 12074000. This code is used to classify and categorize these specific agricultural products for trade and customs purposes. Understanding the HS Code and its associated data can provide valuable information for importers, exporters, and policymakers.
The HS Code is an internationally recognized system for classifying and coding goods. It is used by customs authorities worldwide to ensure uniformity and consistency in trade documentation. The code consists of six digits, with additional digits for more specific categorization. In the case of sesame seeds, the HS Code 12074000 indicates its classification.
The product description for HS Code 12074000 is "Sesame seeds, whether or not broken." This description covers all types of sesame seeds, regardless of their condition. Whether the seeds are whole or broken, they are classified under this HS Code.
The quantity unit for sesame seeds under HS Code 12074000 is kilograms (KG). This unit is used to measure the weight of the sesame seeds during trade transactions. It helps in determining the quantity and value of the product being imported or exported.
One significant aspect of the HS Code is the bound or MFN duty rate. The bound duty rate refers to the maximum tariff rate that a country can impose on imports of a specific product. The MFN (Most-Favored Nation) duty rate, on the other hand, is the tariff rate applied to all trading partners equally under the principles of non-discrimination.
In the case of HS Code 12074000, the bound/MFN duty rate is free. This means that there are no import tariffs or duties imposed on sesame seeds when traded between countries. It promotes free and fair trade by eliminating trade barriers and ensuring equal treatment for all trading partners.
Additionally, there are special tariff preference programs applicable to sesame seeds under HS Code 12074000. These programs provide specific trade benefits and tariff reductions for eligible countries or regions. Some of the notable programs include:
When it comes to importing sesame seeds under HS Code 12074000, the data shows that Kansas is one of the states involved in the trade. This information is crucial for businesses and policymakers in understanding the geographical distribution of sesame seed imports within the United States.
On the export side, North Dakota is mentioned as an exporting state. This indicates that sesame seeds produced in North Dakota are being exported to other countries or regions. It highlights the state's role as a sesame seed exporter and its contribution to the global sesame seed trade.
Overall, HS Code 12074000 plays a vital role in classifying and categorizing sesame seeds for international trade. It helps in determining import duties, identifying trade preferences, and tracking the flow of goods across different states and countries. Understanding the HS Code and its associated data is essential for businesses, policymakers, and stakeholders involved in the sesame seed trade.