When it comes to international trade, it is important to have a standardized system for classifying goods. This is where HS Codes come into play. HS Code 17019180 specifically refers to cane/beet sugar and pure sucrose that is refined, solid, and has added flavoring. In this article, we will explore the details of this HS Code and its implications in international trade.
The product described under HS Code 17019180 is cane/beet sugar and pure sucrose that has undergone a refining process. It is in a solid form and has been infused with additional flavoring. This code is used to classify this particular type of sugar in international trade transactions.
The bound / MFN (Most Favored Nation) duty rate for HS Code 17019180 is 5.1%. The concept of the MFN duty rate means that whenever a country lowers a trade barrier or opens up a market, it must apply the same treatment to the same goods or services from all its trading partners. This ensures fairness and equal treatment in international trade.
The quantity unit for HS Code 17019180 is kilograms (KG). This means that the measurement of the product, when it comes to import or export, is based on the weight in kilograms. It provides a standardized unit for easy understanding and comparison.
There are several special tariff preference programs associated with HS Code 17019180. These programs provide certain countries with preferential treatment in terms of tariffs. Here are some of the programs and their details:
HS Code 17019180 is relevant for both importing and exporting US states. This means that the code is applicable for trade transactions involving the importation and exportation of cane/beet sugar and pure sucrose, refined, solid, and with added flavoring. The specific states involved in these trade activities may vary depending on the transaction.
HS Code 17019180 plays an important role in classifying and facilitating international trade of cane/beet sugar and pure sucrose with added flavoring. Understanding the details of this code, such as the product description, duty rate, quantity unit, and special tariff preference programs, is crucial for businesses and individuals engaged in import and export activities.