HS Code 17026022 refers to a specific product category known as other fructose and fructose syrup. This code is used to classify and regulate the import and export of these products in international trade. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product described under HS Code 17026022 is other fructose and fructose syrup in a dry state, containing more than 50% by weight of fructose. It also includes blended syrup as defined in the additional US note 4 of chapter 17 and general note 15. This comprehensive description helps in accurately classifying and identifying the product for regulatory purposes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 17026022 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 in international trade.
The quantity unit specified for HS Code 17026022 is kilograms (KG). This unit of measurement helps in accurately quantifying the amount of product being imported or exported, providing a standardized unit for trade transactions.
Several special tariff preference programs are available for products classified under HS Code 17026022. These programs offer preferential treatment and lower or duty-free rates for certain countries. The following countries enjoy special tariff preferences for this HS code:
These special tariff preference programs aim to promote trade and strengthen economic ties between the participating countries by reducing or eliminating import duties on the specified products.
For HS Code 17026022, the state of Vermont is listed as an importing US state. This means that Vermont receives imports of other fructose and fructose syrup classified under this HS code. The state plays a significant role in the importation and distribution of these products within the United States.
Unfortunately, no specific exporting US states are mentioned for HS Code 17026022. However, it is important to note that other fructose and fructose syrup may be exported from various states in the United States, depending on the production and distribution networks.
HS Code 17026022 covers other fructose and fructose syrup with specific characteristics and compositions. Understanding the details of this code, including its product description, duty rates, quantity unit, special tariff preference programs, and the involvement of specific US states in importation, provides valuable insights for businesses and regulatory authorities involved in international trade.