Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 16041640: Prepared or Preserved Anchovies

Prepared or preserved anchovies, whole or in pieces, not minced, not in oil, in immediate containers with their contents 6.8 kg or less ea. This is the product description for HS Code 16041640.

HS Code 16041640 refers to the international code used to classify and identify specific products for import and export purposes. It provides a standardized system for customs authorities and traders to categorize and track goods globally.

When importing or exporting goods under HS Code 16041640, it is important to understand the associated regulations, duty rates, and special tariff preference programs. Let's explore these aspects in detail:

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 16041640 is 5%. The MFN principle ensures 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. This promotes fair and equal treatment for all trading partners.

Quantity Unit

The quantity unit for HS Code 16041640 is kilograms (KG). This means that the weight of the prepared or preserved anchovies is measured and recorded in kilograms during import or export processes.

Special Tariff Preference Programs

There are several special tariff preference programs available for HS Code 16041640. These programs provide certain countries with preferential treatment, including duty-free or reduced-duty rates. Here are some of the programs and countries eligible for special tariff preferences:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries.
• Australia Special Rate: Offers a special rate for imports from Australia.
• Bahrain Special Rate: Offers a special rate for imports from Bahrain.
• NAFTA for Canada: Provides duty-free treatment for imports from Canada under the North American Free Trade Agreement.
• Chile Special Rate: Offers a special rate for imports from Chile.
• Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible countries in the Caribbean region.
• Israel Special Rate: Offers duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA): Provides duty-free treatment for eligible countries in the Andean region.
• Jordan Special Rate: Offers a special rate for imports from Jordan.
• Morocco Special Rate: Offers a special rate for imports from Morocco.
• NAFTA for Mexico: Provides duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
• Oman Special Rate: Offers a special rate for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Provides duty-free treatment for eligible countries in the Dominican Republic-Central American region.
• Peru Special Rate: Offers a special rate for imports from Peru.
• Singapore Special Rate: Offers a special rate for imports from Singapore.

These special tariff preference programs aim to promote economic cooperation and development between participating countries by facilitating trade and reducing import costs.

Importing and exporting under HS Code 16041640 may vary depending on the specific regulations and requirements of individual countries. It is essential to consult and comply with the customs authorities and trade regulations of both the importing and exporting countries to ensure a smooth and legal trade process.

Understanding the HS Code 16041640 and its associated regulations, duty rates, and special tariff preference programs can greatly assist importers and exporters in navigating the international trade landscape more effectively.