Cocoa preps, (dairy prod. of Ch4 US note 1), not filled, in blocks, slabs or bars, w/wt 2 kg or less, subj. to add. US note 10 to Ch 4
The HS Code 18063260 refers to cocoa preparations that are not filled, in blocks, slabs, or bars, with a weight of 2 kg or less. These preparations are subject to additional regulations under US note 10 to Chapter 4, specifically related to dairy products.
When it comes to international trade, it is important to have a standardized system for classifying goods. The Harmonized System (HS) Code is a globally recognized system used to classify products in international trade. Each product is assigned a unique HS Code, which helps to streamline customs procedures and facilitate trade between countries.
In the case of HS Code 18063260, it specifically refers to cocoa preparations. Cocoa is a key ingredient in the production of chocolate and other confectionery products. It is derived from the cacao tree and undergoes various processing steps to create cocoa powder, cocoa butter, and other cocoa-based products.
Importers and exporters dealing with cocoa preparations falling under HS Code 18063260 need to be aware of the specific regulations and requirements associated with this product category. The HS Code provides a standardized way to identify and classify these products, ensuring that they are handled appropriately during international trade.
One important aspect to consider when trading under HS Code 18063260 is the bound/MFN duty rate. The bound/MFN duty rate for this product is 7%. 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. This ensures fair and equitable treatment for all parties involved in international trade.
In addition to the duty rate, there are also special tariff preference programs available for cocoa preparations under HS Code 18063260. These programs provide certain countries with preferential treatment, such as duty-free or reduced duty rates. Some of the special tariff preference programs applicable to cocoa preparations include:
Importers and exporters dealing with cocoa preparations falling under HS Code 18063260 should familiarize themselves with these special tariff preference programs to take advantage of any available benefits.
When it comes to the quantity unit for cocoa preparations under HS Code 18063260, it is measured in kilograms (KG). This unit of measure is used to determine the weight of the cocoa preparations being imported or exported.
Finally, let's take a look at the specific importing and exporting states within the United States that are involved in trade related to cocoa preparations under HS Code 18063260. According to the provided data, Vermont appears to be both an importing and exporting state for this product. This suggests that there is a significant level of trade activity related to cocoa preparations in Vermont.
HS Code 18063260 pertains to cocoa preparations that are not filled, in blocks, slabs, or bars, with a weight of 2 kg or less. Importers and exporters dealing with this product category should be aware of the specific regulations, duty rates, and special tariff preference programs associated with HS Code 18063260. By understanding and complying with these requirements, businesses can facilitate smooth and efficient trade of cocoa preparations on the international stage.