The HS Code 18062028 refers to a specific product: chocolate that weighs over 2 kilograms and contains milk solids. It is important to note that this chocolate should not be in blocks weighing 4.5 kilograms or more and should have a minimum of 5.5% butterfat and 21% milk solids. This HS Code classification is used for the purpose of international trade and customs regulations.
When importing or exporting this product, it is crucial to understand the associated duties and tariff rates. The bound / MFN (Most Favored Nation) duty rate for HS Code 18062028 is 52.8 cents per kilogram, plus an additional 4.3% for every time a country lowers a trade barrier or opens up a market. This means that the duty rate may vary depending on trade agreements and negotiations between countries.
The quantity unit for this HS Code is kilograms (KG), which is the standard unit of measurement for international trade. This allows for consistency and accurate calculation of import and export volumes.
In addition to the regular duty rates, there are special tariff preference programs available for HS Code 18062028. For example, countries such as Jordan and Mexico offer a free tariff preference for this product. Other countries like Australia, Bahrain, Chile, Morocco, Oman, and Peru have their own specific rates and programs. These special rates are outlined in the HS Code documentation and should be considered when conducting international trade.
It is worth noting that the United States, specifically the state of Vermont, is listed as an importing state for this product. This information is important for businesses and individuals involved in the chocolate trade, as it indicates potential market demand in Vermont.
On the other hand, there is no specific information provided about the exporting states within the United States for HS Code 18062028. This suggests that the data available does not specify any particular state as a major exporter of this product.
Understanding the details and implications of HS Code 18062028 is crucial for businesses, importers, exporters, and customs authorities. It helps ensure compliance with trade regulations, facilitates accurate calculation of duties and tariffs, and enables efficient international trade of this specific type of chocolate.