When it comes to international trade, it is crucial to have a standardized system for classifying and identifying goods. This is where the Harmonized System (HS) code plays a vital role. HS codes are used worldwide to classify products for customs and statistical purposes. In this article, we will take an in-depth look at HS Code 17019142 and explore its product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states.
HS Code 17019142 specifically refers to cane/beet sugar and pure sucrose that is refined, solid, and contains added flavoring. The product should contain over 65% by weight of sugar and is described in Chapter 17 US note 2. It is subject to general note 15, which further defines the conditions and regulations for this particular product.
Cane and beet sugar are the most common types of sugar produced worldwide. They are derived from sugarcane and sugar beets, respectively. Pure sucrose is the chemical name for table sugar, which is a combination of glucose and fructose. The refining process removes impurities, resulting in a solid, granulated form of sugar. The addition of flavoring enhances the taste and versatility of this product.
When importing cane/beet sugar & pure sucrose (HS Code 17019142), a 6% duty rate is applicable. The duty rate represents the percentage of the product's value that must be paid as a tax upon importation. It is important to note that this duty rate is subject to change based on trade agreements and negotiations.
The principle of Most-Favored Nation (MFN) treatment is observed here. MFN treatment ensures that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle promotes fairness and equal treatment in international trade.
HS Code 17019142 uses kilograms (KG) as the standard unit of measurement for quantity. This ensures consistency and ease of comparison when dealing with international trade statistics. Importers and exporters must accurately measure and declare the weight of their shipments in kilograms.
Several countries and trade agreements offer special tariff preference programs for HS Code 17019142. These programs aim to promote trade, economic cooperation, and development among participating nations. Here are some of the special tariff preference programs applicable to this HS code:
HS Code 17019142 is imported and exported by various US states. Some of the key importing states include California, Texas, Florida, New York, and Illinois. These states have significant ports and trade infrastructure, making them major gateways for international trade.
On the exporting side, states like Louisiana, Minnesota, North Dakota, Florida, and Idaho are actively involved in the exportation of cane/beet sugar & pure sucrose. These states have favorable agricultural conditions, allowing for the cultivation and production of sugar crops.
Understanding the importing and exporting states helps identify key players and trade routes in the sugar industry, facilitating efficient supply chain management and trade negotiations.
HS Code 17019142 is a crucial classification for cane/beet sugar & pure sucrose in international trade. This comprehensive guide has provided an extensive overview of the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states for this HS code.
By understanding the intricacies of HS Code 17019142, importers, exporters, and trade professionals can navigate the global sugar market with confidence, ensuring compliance with relevant regulations and optimizing trade opportunities.