The HS Code 16041120 refers to prepared or preserved salmon, either whole or in pieces, but not minced, and packed in oil, in airtight containers. This code is used to classify the specific type of salmon product for trade and customs purposes. Let's explore this HS code in more detail.
When it comes to trade, countries often impose duties or tariffs on imported goods. In the case of HS Code 16041120, the bound or most-favored-nation (MFN) duty rate is 6%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for this HS code is kilograms (KG). It is the standard unit of measurement used for calculating the weight of the imported or exported salmon products.
There are also special tariff preference programs associated with this HS code. These programs offer specific benefits or exemptions to certain countries or regions. Some of the special tariff preference programs applicable to HS Code 16041120 include:
When it comes to importing this product into the United States, the data shows that the state of South Dakota is the major importer. However, no specific information is provided regarding the exporting states within the US.
the HS Code 16041120 refers to prepared or preserved salmon, packed in oil, and stored in airtight containers. This code is essential for trade classification and customs purposes. It is important to consider the associated duty rates and special tariff preference programs when importing or exporting products classified under this HS code.