Blended syrup is a popular product that falls under the HS Code 17024024. This article aims to provide an extensive overview of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs. Additionally, we will explore the importing and exporting states for this particular product.
The HS Code 17024024 refers to blended syrup, which is described in additional U.S. note 4 (chapter 17). This syrup is typically found in a dry state and contains 20% to 50% fructose by weight. It is essential to note that there are additional regulations stated in U.S. note 9 (chapter 17) and the provision.
Blended syrup is a versatile ingredient used in various food and beverage applications. Its composition makes it an ideal sweetener for a wide range of products, including baked goods, confectioneries, beverages, and more.
For the HS Code 17024024, the bound / MFN (Most Favored Nation) duty rate is 6%. The MFN principle states that whenever 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 ensures fair and equal treatment for all countries involved in trade.
The quantity unit for blended syrup under HS Code 17024024 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported.
Blended syrup under HS Code 17024024 is eligible for special tariff preference programs in two countries: Oman and Peru.
These special tariff preference programs provide an advantage for importers and exporters of blended syrup, encouraging trade between the United States and these respective countries.
As per available data, the state of Vermont has been identified as one of the importing states for blended syrup under HS Code 17024024. Importers in Vermont can take advantage of the special tariff preference programs mentioned above to facilitate the importation of blended syrup.
There is no specific information available regarding the exporting states for blended syrup under HS Code 17024024. However, it is essential to note that the United States is a significant exporter of various food and beverage products, including blended syrup.
the HS Code 17024024 represents blended syrup, a versatile sweetener used in various food and beverage applications. Importers and exporters of this product should be aware of the duty rates, quantity unit, and special tariff preference programs available. The state of Vermont has been identified as an importing state for blended syrup. Understanding the intricacies of this HS code is crucial for successful international trade in blended syrup.