Cocoa preparations, classified under HS Code 18069005, refer to a specific category of products that are not in blocks, slabs, or bars. These preparations are subject to additional regulations stated in US Note 10 to Chapter 4 and are not considered GN15.
The HS Code 18069005 is an important classification for cocoa preps and plays a significant role in international trade. Understanding the details associated with this HS Code can help importers and exporters navigate the regulations and trade barriers associated with cocoa preparations.
The bound / MFN duty rate for products classified under HS Code 18069005 is 3.5%. It is important to note that whenever 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 equal treatment for all countries involved in international trade.
The quantity unit for cocoa preparations under HS Code 18069005 is kilograms (KG). This unit of measurement helps in determining the weight of the products being imported or exported.
Certain countries enjoy special tariff preference programs for cocoa preparations classified under HS Code 18069005. These programs provide various benefits, including duty-free treatment. The countries eligible for these special rates include:
These special rates and programs aim to promote trade and foster economic relationships between countries. Importers and exporters should take advantage of these programs to optimize their trade activities.
While the data provided does not specify the exporting states, it mentions that the product has been imported into Vermont, United States. Vermont is known for its diverse agricultural industry and its interest in importing cocoa preparations highlights the demand for such products in the state.
HS Code 18069005 pertains to cocoa preparations that are not in blocks, slabs, or bars. Understanding the details associated with this HS Code, such as the bound / MFN duty rate, quantity unit, and special tariff preference programs, allows importers and exporters to effectively navigate the regulations and trade barriers related to cocoa preparations. By taking advantage of special tariff preference programs, businesses can benefit from duty-free treatment and enhance their international trade activities.