Blended syrups are an essential component of various industries, and they are described under Additional US Note 4 to Chapter 17 of the Harmonized System Code (HS Code) 17029058. This code encompasses blended syrups that are not elsewhere specified or included (nesoi) and are not subject to Additional US Note 9 to Chapter 17. In this article, we will delve into the details of HS Code 17029058 and explore its implications in international trade.
HS Code 17029058 is associated with a bound / most favored nation (MFN) duty rate. The duty rate for this code is 33.9 cents per kilogram of total sugars, with an additional 5.1% imposed whenever a country lowers a trade barrier or opens up a market. The MFN principle ensures that any trade concessions granted by a country must be extended to all its trading partners for the same goods or services.
The quantity unit for imports and exports under HS Code 17029058 is kilograms (KG). This unit of measurement is universally recognized and facilitates accurate trade data recording and analysis. Blended syrups are typically traded in bulk quantities, and the use of kilograms as the quantity unit enables efficient international trade operations.
Under special tariff preference programs, certain countries enjoy preferential treatment for the importation of blended syrups under HS Code 17029058. Let's take a closer look at these programs:
HS Code 17029058 applies to blended syrups imported into and exported from the United States. The specific states involved in these import and export transactions are not mentioned in the provided data. However, it is important to note that the HS Code applies to all states within the United States.
HS Code 17029058 encompasses blended syrups that are not elsewhere specified or included and are not subject to Additional US Note 9 to Chapter 17. The code carries a bound / most favored nation duty rate of 33.9 cents per kilogram of total sugars, with an additional 5.1% applied when trade barriers are lowered or markets are opened. Various countries enjoy special tariff preference programs for the importation of blended syrups under this HS code, including Mexico, Bahrain, Jordan, Morocco, Oman, the Philippines, and Singapore. Understanding the intricacies of HS Code 17029058 is crucial for businesses involved in the import and export of blended syrups.