Cocoa preparations are a delicious treat enjoyed all over the world. One specific type of cocoa preparation is classified under HS Code 18069010. This code is used to identify cocoa preps that contain at least 21% milk solids, and are not in the form of blocks, slabs, or bars. Additionally, these cocoa preps do not fall under the classification of Ch4 USNote 10 or GN15.
The HS Code 18069010 helps customs authorities and traders accurately classify and track cocoa preparations with milk solids. By using this code, it becomes easier to monitor import and export activities related to these products. Let us explore some important details about this HS code.
The bound / MFN (Most Favored Nation) duty rate for products falling under HS Code 18069010 is 52.8 cents per kilogram (kg) plus an additional 6%. This duty rate is applicable for all countries unless there are special tariff preference programs in place.
It is important to note 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 equal treatment for all countries involved in international trade.
The quantity unit for products classified under HS Code 18069010 is kilograms (KG). This unit of measurement makes it easy to track the weight of cocoa preparations with milk solids during import and export processes.
Certain countries have special tariff preference programs in place for products falling under HS Code 18069010. These programs provide preferential treatment to specific trading partners, resulting in reduced or zero-duty rates. Here are some examples of special tariff preference programs for cocoa preparations with milk solids:
These special rates and agreements aim to promote trade and strengthen economic ties between the countries involved.
When it comes to importing cocoa preparations with milk solids into the United States, two specific states play a significant role - Hawaii and Vermont. These states serve as important entry points for cocoa preps under HS Code 18069010, ensuring their distribution throughout the country.
On the other hand, when exporting cocoa preparations with milk solids from the United States, the code applies to all states involved in the export process. This ensures that the classification and duty rates remain consistent, regardless of the state of origin.
HS Code 18069010 is an essential classification for cocoa preparations with milk solids. It helps identify and regulate the import and export of these products, ensuring fair trade practices and accurate duty rates. Understanding the details and special tariff preference programs associated with this code is crucial for businesses and traders involved in the cocoa industry.