Chocolate is a beloved treat enjoyed by people all over the world. Its rich and creamy taste can instantly bring a smile to anyone's face. But have you ever wondered how chocolate is classified for international trade? That's where the Harmonized System (HS) code comes into play. In this article, we will explore the HS code 18062034, which specifically refers to chocolate that weighs over 2 kilograms and contains milk solids. Let's dive in and learn more about this fascinating product!
The HS code 18062034 refers to chocolate that meets specific criteria. Firstly, the chocolate must weigh over 2 kilograms. This means that it is typically sold in larger quantities, making it suitable for commercial purposes or for those who simply can't get enough chocolate! Additionally, the chocolate must contain milk solids, which contribute to its creamy texture and flavor.
It's important to note that the chocolate should not be in blocks weighing 4.5 kilograms or more. This specification ensures that the chocolate is in a more manageable form for distribution and consumption. Furthermore, the chocolate should not contain more than 5.5 percent butterfat (bf), which helps maintain the desired consistency and quality of the product.
Lastly, the chocolate is subject to the addition of US note 3 to Chapter 18, which refers to specific regulations or requirements related to the import and export of chocolate products. This ensures that the chocolate meets all necessary standards and guidelines for international trade.
For the HS code 18062034, the bound / most-favored-nation (MFN) duty rate is 5 percent. This means that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. The 5 percent duty rate helps regulate the import and export of chocolate, ensuring fair trade practices and promoting economic growth.
The quantity unit for the HS code 18062034 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight and quantity of products being imported or exported. It provides a standardized way to track and calculate the amount of chocolate being traded between countries.
The HS code 18062034 is eligible for various special tariff preference programs. These programs provide certain countries with preferential treatment when it comes to import duties or tariffs on specific goods. Here are some of the special tariff preference programs applicable to the HS code 18062034:
These special tariff preference programs aim to promote economic cooperation and facilitate trade between participating countries. By providing favorable treatment for certain imports, they encourage the growth of industries and enhance international relations.
When it comes to importing and exporting chocolate under the HS code 18062034, certain US states play a significant role. In this case, the data provided specifies that the chocolate is primarily imported and exported from the state of Vermont. Vermont, known for its picturesque landscapes and thriving agricultural industry, serves as a hub for chocolate trade.
It's interesting to note that the data mentions Vermont multiple times for both importing and exporting. This indicates that Vermont plays a prominent role in the trade of chocolate under the HS code 18062034. The state's favorable business environment and strategic location likely contribute to its involvement in the import and export of this particular product.
the HS code 18062034 encompasses chocolate that weighs over 2 kilograms and contains milk solids. It is subject to specific regulations and requirements, ensuring its compliance with international trade standards. The bound / MFN duty rate for this HS code is 5 percent, and it is eligible for various special tariff preference programs. Vermont is highlighted as a significant player in the import and export of chocolate under this HS code. So next time you indulge in a delicious chocolate treat, remember the intricate classification system behind it!