The HS Code 18050000 refers to cocoa powder that does not contain any added sugar or other sweetening matter. This code is used to classify and track the import and export of this specific type of cocoa powder. Understanding the HS code system is essential for international trade as it ensures uniformity and consistency in the classification of goods.
The product description clearly states that the cocoa powder in question does not have any added sugar or sweetening matter. This is an important distinction as it might affect the customs duties and special tariff preference programs associated with the HS code.
According to the data provided, the bound / MFN (Most Favored Nation) duty rate for this HS code is 0.52 cents/kg. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. It is crucial to consider this duty rate when importing or exporting cocoa powder under this HS code.
The quantity unit for this HS code is kilograms (KG). This unit of measurement is used to quantify the amount of cocoa powder being imported or exported. It is important to accurately declare the quantity to ensure compliance with customs regulations and to determine the appropriate duties and taxes.
Additionally, there are special tariff preference programs associated with this HS code. These programs allow certain countries to import or export cocoa powder under preferential conditions. The following countries have special tariff rates or duty-free treatment for this HS code:
It is important to note that the data provided does not specify the importing and exporting US states. However, based on the information given, it can be inferred that the Virgin Islands and Pennsylvania are potential importing states for cocoa powder under this HS code.
the HS Code 18050000 classifies cocoa powder that does not contain added sugar or other sweetening matter. Understanding this code is crucial for importers and exporters to ensure compliance with customs regulations and to take advantage of special tariff preference programs. By accurately declaring the quantity and identifying the applicable tariff rates, businesses can navigate international trade in cocoa powder efficiently and effectively.