The HS Code 18063290 refers to cocoa preparations that are not filled and are in the form of blocks, slabs, or bars weighing 2kg or less. This code is used for customs and trade purposes to classify and identify specific goods in international trade.
Cocoa preps, as defined by this HS code, are cocoa-based products that have undergone processing and preparation but are not yet filled with any additional ingredients. These preps are typically in solid form, such as blocks, slabs, or bars, and each unit weighs 2kg or less.
The bound or most-favored-nation (MFN) duty rate for HS Code 18063290 is 6%. The MFN principle states that every time 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 ensures fair and non-discriminatory treatment in international trade.
The quantity unit for this HS code is kilograms (KG). This means that the weight of the cocoa preps, including the blocks, slabs, or bars, is measured in kilograms.
Several special tariff preference programs apply to HS Code 18063290. These programs offer reduced or duty-free rates for importing countries. The following countries and programs provide preferential treatment:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing incentives for the importation of specific goods.
The data provided indicates that the state of Vermont in the United States is importing the cocoa preps classified under HS Code 18063290. The repeated mention of Vermont suggests that it is a significant destination for these cocoa preparations within the United States.
Similarly, the data shows that the state of Vermont in the United States is also exporting cocoa preps classified under HS Code 18063290. This suggests that Vermont not only imports but also produces and exports these cocoa preparations.
the HS Code 18063290 is used to identify cocoa preps, not filled, in blocks, slabs, or bars weighing 2kg or less. It is important for traders, importers, and exporters to be aware of the specific HS code and understand the associated duty rates and tariff preference programs applicable to their trade activities.
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