Cocoa preparations have become a popular commodity in international trade, with HS Code 18063270 specifically referring to cocoa preps that contain less than 21% milk solids, are not filled, and are in blocks, slabs, or bars weighing 2 kg or less. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product description of HS Code 18063270 specifies that cocoa preps falling under this code are dairy products of Chapter 4 of the United States' note 1. These cocoa preparations are specifically categorized as those with less than 21% milk solids and are not filled. Additionally, they are in the form of blocks, slabs, or bars weighing 2 kg or less. This detailed description helps customs authorities and traders identify and classify cocoa preparations correctly.
The duty rate for cocoa preparations under HS Code 18063270 is 37.2 cents per kilogram (kg) plus an additional 6% of the value. It is important to note that this duty rate may vary depending on trade agreements, bilateral or multilateral, between countries. For instance, 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 equal treatment in international trade.
The quantity unit for HS Code 18063270 is kilograms (kg). This standard unit of measurement allows for accurate and consistent calculations of the quantity of cocoa preparations being imported or exported. It is essential for traders, customs authorities, and other stakeholders to understand and adhere to this quantity unit to ensure smooth and transparent trade operations.
HS Code 18063270 is eligible for various special tariff preference programs, offering favorable trade conditions for specific countries. The following are some of the special tariff preference programs available for cocoa preparations falling under this HS code:
While the data provided does not specify the exporting US states, it indicates that the importing US state for cocoa preparations under HS Code 18063270 is Vermont. This information is valuable for traders and businesses involved in the import and export of cocoa preparations, as it helps identify potential trade partners and market opportunities within the specified state.
HS Code 18063270 encompasses cocoa preparations that meet specific criteria, including milk solids content, form, and weight. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers, exporters, and customs authorities to facilitate smooth and compliant international trade operations.