When it comes to international trade, HS Code 12119091 plays a significant role. This HS code refers to plants or parts of plants that are used in perfumery, pharmacy, or for insecticidal, fungicidal, or similar purposes. In this article, we will explore the details of this code, its duty rates, quantity unit, and special tariff preference programs.
Plants or parts of plants falling under HS Code 12119091 are specifically categorized for their usage in perfumery, pharmacy, or as insecticidal or fungicidal agents. This code ensures that these goods are properly classified and regulated during international trade.
One important aspect to consider when trading under HS Code 12119091 is the bound / MFN duty rate. The term "bound" refers to the maximum duty rate that a country can impose on imported goods. On the other hand, MFN (Most Favored Nation) duty rate indicates the rate applied to all trading partners of a country. In the case of HS Code 12119091, the bound / MFN duty rate is free, which means there are no duties imposed on the import of these goods.
The quantity unit for HS Code 12119091 is kilograms (KG). This unit is used to measure the weight of the plants or parts of plants being imported or exported under this code. It is important to accurately measure and declare the weight of the goods to ensure compliance with international trade regulations.
Additionally, there are special tariff preference programs associated with HS Code 12119091. These programs provide specific benefits and exemptions to certain countries or regions. The following countries or regions enjoy free trade under this HS code:
These special tariff preference programs allow for duty-free treatment or special rates for imports and exports of plants or parts of plants under HS Code 12119091. It is important to understand and take advantage of these programs to enhance international trade relations.
Importing and exporting under HS Code 12119091 is a global affair. Various US states engage in the import and export of these goods. Similarly, the exporting US states play a crucial role in supplying these products to different countries around the world.
HS Code 12119091 covers plants or parts of plants used in perfumery, pharmacy, or for insecticidal purposes. It is essential to understand the duty rates, quantity unit, and special tariff preference programs associated with this code to ensure smooth international trade operations. By complying with the regulations and taking advantage of the benefits provided by special tariff preference programs, countries can foster better trade relationships and promote economic growth.