Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 18062099: Chocolate and Preparations with Cocoa

When it comes to chocolate and cocoa preparations, there are various regulations and classifications in place. One such classification is the Harmonized System (HS) code, which is an internationally accepted system for classifying traded goods. In this article, we will delve into the details of HS Code 18062099, which specifically pertains to chocolate and preps with cocoa, not elsewhere specified or included.

Product Description:

• HS Code: 18062099
• Description: Chocolate and preps with cocoa, nesoi (not elsewhere specified or included)
• Weight Limit: Over 2kg but not over 4.5kg
• Sugar Content: Not more than 65%

Bound / MFN Duty Rate:

The bound or Most Favored Nation (MFN) duty rate for HS Code 18062099 is 8.5%. The MFN duty rate is the rate applied to imports from all trading partners without discrimination. It ensures that every country lowers trade barriers or opens up its market for the same goods or services from all its trading partners.

Quantity Unit:

The quantity unit for HS Code 18062099 is kilograms (KG). This means that the weight of the chocolate and cocoa preparations is measured in kilograms.

Special Tariff Preference Programs:

HS Code 18062099 is eligible for various special tariff preference programs, which offer preferential duty rates to specific countries. The following programs provide either duty-free treatment or reduced duty rates:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. This includes countries like A, BH, CA, D, E, IL, J, JO, MX, OM, P, PE, and SG.
• Bahrain Special Rate: Bahrain has a special rate for imports under this HS code.
• NAFTA for Canada: Imports from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
• Africa Growth and Opportunity Act (AGOA): Imports from eligible countries under AGOA receive duty-free treatment.
• Caribbean Basin Initiative (CBI): Imports from eligible countries under the CBI receive duty-free treatment.
• Israel Special Rate: Imports from Israel under a special rate receive duty-free treatment.
• Andean Trade Preference Act (ATPA): Imports from eligible countries under ATPA receive duty-free treatment.
• Jordan Special Rate: Jordan has a special rate for imports under this HS code.
• NAFTA for Mexico: Imports from Mexico under NAFTA receive duty-free treatment.
• Oman Special Rate: Oman has a special rate for imports under this HS code.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible countries under DR-CAFTA receive duty-free treatment.
• Peru Special Rate: Peru has a special rate for imports under this HS code.
• Singapore Special Rate: Singapore has a special rate for imports under this HS code.
• Australia Special Rate: Australia has a special rate of 5.6% for imports under this HS code.
• Chile Special Rate: Chile has a special rate of 2.5% for imports under this HS code.
• Morocco Special Rate: Morocco has a special rate of 4.9% for imports under this HS code.

Importing US States:

When it comes to importing products under HS Code 18062099 to the United States, the data shows that the state of Vermont is the main destination. This information is based on the export records.

Exporting US States:

On the other hand, the state of Vermont is also the main exporter of products classified under HS Code 18062099. This means that Vermont is actively involved in the production and export of chocolate and cocoa preparations.

HS Code 18062099 plays a significant role in the trade of chocolate and cocoa preparations. It is important for importers and exporters to be aware of the specific regulations, duty rates, and special tariff preference programs associated with this HS code in order to facilitate international trade effectively.