HS Code 18061034: Cocoa Powder, Sweetened, Neosi
Cocoa powder is a popular ingredient used in a wide range of food and beverage products. It is made from cocoa beans, which are fermented, roasted, and then ground into a fine powder. One specific type of cocoa powder is sweetened neosi cocoa powder, which is subject to US note 1 to Chapter 18 of the Harmonized System (HS) code.
The HS code 18061034 refers to cocoa powder, sweetened, neosi. The HS code is a standardized system used globally to classify and categorize traded goods. It helps facilitate international trade by providing a common language for customs authorities and traders to identify and classify products.
When importing cocoa powder, sweetened, neosi into the United States, a bound/Most Favored Nation (MFN) duty rate of 10% applies. The bound/MFN duty rate ensures 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. This promotes fair and equal trade among countries.
The quantity unit for cocoa powder, sweetened, neosi is kilograms (KG). This unit of measurement is used to determine the weight of the product being imported or exported.
There are special tariff preference programs available for cocoa powder, sweetened, neosi. These programs offer duty-free treatment for eligible countries. The countries eligible for duty-free treatment under these programs for HS code 18061034 include:
- A*
- Bahrain (Special Rate)
- Canada (NAFTA for duty-free treatment)
- Chile (Special Rate)
- Caribbean Basin Initiative (CBI)
- Israel (Special Rate for duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan (Special Rate)
- Morocco (Special Rate)
- Oman (Special Rate)
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru (Special Rate)
- Singapore (Special Rate)
These special tariff preference programs aim to promote trade and economic development among participating countries. By providing duty-free treatment, they help reduce trade barriers and encourage the import and export of goods.
In terms of importing and exporting cocoa powder, sweetened, neosi, the United States has no specific exporting states listed for this HS code. However, when importing, the Virgin Islands and Pennsylvania are mentioned as potential importing states.
HS code 18061034 refers to cocoa powder, sweetened, neosi. It is classified under the Harmonized System, a globally recognized system for categorizing traded goods. The HS code provides important information about the product, including the duty rate, quantity unit, and special tariff preference programs. By understanding the HS code, importers and exporters can navigate the international trade landscape more effectively.
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