The HS Code 18062022 refers to a specific classification for a type of chocolate product. This code is used internationally to categorize and track imports and exports of this particular item. It provides detailed information about the product's description, quantity unit, special tariff preference programs, and the countries involved in its import and export.
The product description for HS Code 18062022 is "Chocolate, ov 2kg, cont. milk solids, not in blocks 4.5 kg or more, subj. to gen. note 15 of the HTS." This means that the chocolate being classified under this code weighs over 2 kilograms and contains milk solids. It is not in blocks weighing 4.5 kilograms or more and is subject to general note 15 of the Harmonized Tariff Schedule (HTS).
The bound/MFN duty rate for HS Code 18062022 is 5%. Bound duty rates are the maximum rates that a country can charge on imports, and MFN (Most Favored Nation) duty rates are applied to all trading partners equally. 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. In the case of this HS code, the duty rate is 5%.
The quantity unit for HS Code 18062022 is kilograms (KG). This unit of measurement is used to indicate the weight of the chocolate products being imported or exported under this code.
There are several special tariff preference programs associated with HS Code 18062022. These programs provide certain countries with preferential treatment, either through duty-free treatment or special rates. The countries eligible for these programs include Australia (A*), Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico under NAFTA, Oman (OM), Panama (P), Peru (PE), Singapore (SG), and others.
When it comes to importing this chocolate product into the United States, the listed states are the Virgin Islands, Pennsylvania, and Vermont. These states are the designated points of entry for HS Code 18062022 chocolate products coming into the country.
On the other hand, when it comes to exporting this chocolate product from the United States, the listed state is only Vermont. This means that Vermont is the primary state involved in the export of HS Code 18062022 chocolate products.
the HS Code 18062022 represents a specific type of chocolate product that is internationally classified and tracked. The code provides detailed information about the product's description, quantity unit, special tariff preference programs, and the states involved in its import and export. Understanding this code is essential for businesses and governments involved in international trade and commerce.