When it comes to international trade, it is essential to have a standardized system for classifying products. The Harmonized System (HS) Code provides a unique code for each product category, ensuring uniformity and clarity in trade transactions. One such HS Code is 18069090, which refers to "Chocolate and Preparations with Cocoa, NESOI (Not Elsewhere Specified or Included), Not Put Up for Retail Sale."
This HS Code is crucial for customs authorities, importers, exporters, and other stakeholders involved in international trade. It helps in effectively identifying the product, determining the applicable duties and taxes, and facilitating trade negotiations between countries.
The product covered under HS Code 18069090 includes various chocolate products and preparations that contain cocoa but are not packaged for retail sale. These can be in the form of bars, blocks, slabs, or other shapes commonly used in further processing or manufacturing.
It is important to note that this HS Code specifically refers to products not intended for retail sale. Products packaged and labeled for direct sale to consumers would fall under different HS Codes within the chocolate and cocoa product category.
The bound or Most Favored Nation (MFN) duty rate for HS Code 18069090 is 6%. The MFN principle ensures 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 duty rate is applicable to all countries importing or exporting products classified under HS Code 18069090. It helps determine the amount of customs duty to be paid when trading this specific chocolate and cocoa product category.
The quantity unit for measuring trade in products classified under HS Code 18069090 is kilograms (KG). This unit is widely used in international trade and facilitates accurate measurement and calculation of quantities during import and export processes.
HS Code 18069090 is eligible for various special tariff preference programs offered by the United States. These programs provide reduced or duty-free rates for imports from specific countries. Here are some notable programs and their respective rates:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and eligible countries. Importers and exporters can take advantage of these programs to reduce their customs duties and enhance competitiveness in the market.
HS Code 18069090 is traded between various states within the United States. While it is not limited to specific states, data shows that Hawaii and Vermont have been significant importers and exporters of this product category.
These states have likely seen a higher demand for chocolate and cocoa preparations not put up for retail sale due to their local industries or consumer preferences. The import and export data for HS Code 18069090 reflect the trade activities between these states and other regions within the United States.
HS Code 18069090 plays a vital role in international trade, specifically for chocolate and cocoa products not packaged for retail sale. 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. Additionally, analyzing import and export data can provide valuable insights into the trade dynamics of this specific product category.