The HS Code 17023024 refers to a specific product in international trade. In this article, we will delve into the details of this HS code and explore its implications for importers and exporters. Let's begin by looking at the product description:
This description provides us with important information about the composition and characteristics of the product. It specifies that the glucose and glucose syrup should not contain more than 20% fructose in their dry state. Additionally, it mentions that there are additional regulations and provisions specified in U.S. note 9 of chapter 17.
Now, let's move on to the tariff rates associated with HS Code 17023024:
The bound or most-favored-nation (MFN) duty rate for this HS code is 6%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same 6% duty rate for the import of goods or services falling under this HS code from all its trading partners.
It is also important to understand the quantity unit used for this HS code:
The quantity unit specified for HS Code 17023024 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the product being imported or exported.
Now, let's turn our attention to special tariff preference programs applicable to this HS code:
Under special tariff preference programs, importers or exporters dealing with HS Code 17023024 may be eligible for preferential tariff rates. In this case, the product is eligible for free trade under the programs available in Oman (OM) and Peru (PE). It is important for businesses to explore these programs to take advantage of any cost-saving opportunities.
Lastly, let's take a look at the specific importing and exporting US states associated with this HS code:
According to the available information, Vermont is the specified importing US state for HS Code 17023024. However, no data is available regarding the exporting US states for this particular HS code.
HS Code 17023024 represents a specific product in international trade - glucose & glucose syrup not containing or containing in dry state less than 20% fructose; blended. Importers and exporters dealing with this HS code should pay attention to the specified regulations, tariff rates, quantity unit, and special tariff preference programs to ensure compliance and take advantage of any available benefits.