Anchovies are small, saltwater fish that are commonly used in various cuisines around the world. They are known for their intense flavor and are often packed in oil to preserve their freshness and taste. HS Code 16041620 specifically refers to anchovies that are whole or in pieces but not minced, and are packed in oil, in airtight containers.
When it comes to international trade, HS codes play a crucial role in classifying products for customs purposes. The HS code 16041620 helps customs authorities identify and categorize anchovies packed in oil, ensuring the correct duties and taxes are applied during import and export processes.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 16041620 is free. This means that when 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. Therefore, importing or exporting anchovies packed in oil under this HS code does not incur any duty charges.
Quantity Unit: The quantity unit for HS Code 16041620 is kilograms (KG). This unit of measurement is used to determine the weight of the anchovies packed in oil being imported or exported.
Special Tariff Preference Programs: Certain countries enjoy special tariff preference programs that provide them with additional benefits when trading specific products. For HS Code 16041620, the following special tariff preference programs apply:
These special rates and programs provide certain countries with preferential treatment, allowing them to import or export anchovies packed in oil under HS Code 16041620 at reduced or zero duty rates.
Importing US States / Exporting US States: HS Code 16041620 is used for tracking the import and export of anchovies packed in oil from and to different US states. This information helps authorities monitor trade flows and gather data on the volume and value of these products in specific regions.
HS Code 16041620 refers to anchovies that are whole or in pieces, packed in oil, and stored in airtight containers. This code is essential for customs classification, determining duty rates, and monitoring international trade. The special tariff preference programs and the absence of bound or MFN duty rates make it favorable for importing and exporting countries. Anchovies packed in oil under this HS code can be enjoyed by consumers worldwide, thanks to the efforts of international trade and customs regulations.