HS Code 18063216 refers to a specific product category of chocolate. The code provides a standardized classification for this particular type of chocolate, which is not filled and contains less than 21% milk solids. The product is typically found in the form of blocks, slabs, or bars weighing 2kg or less.
HS codes are used globally to classify and identify different types of goods in international trade. They are essential for customs and regulatory purposes, allowing for uniformity and consistency in the classification of products across different countries.
The product described under HS Code 18063216 is chocolate that does not have any filling and contains less than 21% milk solids. This type of chocolate is commonly found in a solid form, shaped as blocks, slabs, or bars, and typically weighs 2kg or less.
Chocolate is a popular confectionery item enjoyed worldwide. It is made from cocoa beans that are roasted and ground to produce cocoa powder. The cocoa powder is then mixed with other ingredients such as sugar, milk solids, and cocoa butter to create the final product.
The chocolate specified under this HS code does not contain any additional fillings, such as nuts, caramel, or fruit. It is a plain, solid chocolate product that can be consumed as is or used as an ingredient in various culinary applications.
The bound / Most Favored Nation (MFN) duty rate for HS Code 18063216 is 37.2 cents per kilogram (kg) plus an additional 4.3% of the product's value. The duty rate is the amount of tax or duty that is levied on imported goods when they enter a country's customs territory.
It is important to note that the duty rate may vary depending on the specific country and its trade agreements with other nations. The World Trade Organization (WTO) promotes the principle of non-discrimination in international trade, which 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.
This principle ensures fair and equal treatment of trading partners and helps to create a level playing field for international trade.
The quantity unit specified for HS Code 18063216 is kilograms (kg). This means that the weight of the chocolate product is measured and expressed in kilograms.
Using a standardized quantity unit like kilograms allows for consistency and ease of measurement when dealing with international trade transactions. It ensures that both importers and exporters have a common understanding of the quantity being traded.
HS Code 18063216 may be eligible for special tariff preference programs in certain countries. These programs provide preferential treatment to imported goods, such as reduced or zero tariffs, to promote trade and economic cooperation between countries.
Here are some examples of special tariff preference programs for this HS code:
These special tariff preference programs are designed to provide economic benefits to specific countries or regions. They aim to facilitate trade and promote mutual cooperation by reducing trade barriers and promoting market access.
While the specific importing and exporting US states for HS Code 18063216 are not provided in the data, it is worth noting that the United States has a complex system of trade and customs regulations that govern the import and export of goods.
When importing goods into the United States, importers are required to comply with various customs regulations, including the payment of duties and taxes. The specific customs requirements and procedures may vary depending on the product, its classification, and the country of origin.
Similarly, when exporting goods from the United States, exporters must adhere to the applicable regulations and requirements of the destination country. This may include obtaining export licenses, complying with trade agreements, and meeting any specific product standards or labeling requirements.
It is important for importers and exporters to consult with customs and trade professionals or relevant government agencies to ensure compliance with all the necessary regulations and procedures.
HS Code 18063216 refers to a specific category of chocolate that is not filled and contains less than 21% milk solids. The code provides a standardized classification for this product, allowing for uniformity and consistency in international trade. The bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code are important considerations for importers and exporters of this product. Compliance with customs and trade regulations is crucial to ensure smooth and lawful international trade transactions.