Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 20055140: Beans other than black-eye cowpeas, shelled, prepared or preserved otherwise than by vinegar or acetic acid, not frozen

Beans are a staple food in many cultures around the world. They are not only delicious but also packed with essential nutrients. In international trade, beans are classified under the HS Code system to standardize import and export procedures. One specific HS Code for beans is 20055140.

HS Code 20055140 refers to beans that are other than black-eye cowpeas. These beans are shelled, prepared, or preserved otherwise than by vinegar or acetic acid. Furthermore, they should not be frozen. The HS Code system ensures that all countries use the same classification for this particular type of beans.

When it comes to import and export duties, HS Code 20055140 is subject to a bound or most-favored-nation (MFN) duty rate of 2.1 cents per kilogram (KG) on the entire contents of the container. This means 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 helps promote fair and equal trade practices.

Under special tariff preference programs, HS Code 20055140 receives preferential treatment in various countries. The following countries offer duty-free treatment for beans classified under this HS Code:

• Generalized System of Preferences (GSP) countries
• Australia
• Bahrain
• Canada (under NAFTA)
• Chile
• Caribbean Basin Initiative (CBI) countries
• Israel
• Andean Trade Preference Act (ATPA) countries
• Jordan
• Morocco
• Mexico (under NAFTA)
• Oman
• Dominican Republic-Central American Special Rate (DR-CAFTA) countries
• Peru
• Singapore

It is important to note that these special tariff preferences may change over time due to trade agreements and negotiations. Therefore, it is essential for importers and exporters to stay updated with the latest trade policies and regulations.

When it comes to importing HS Code 20055140 beans to the United States, the Virgin Islands are the specified states for import. On the other hand, if you are exporting beans from the United States, Oregon and Washington are the specified states for export.

Overall, HS Code 20055140 plays a crucial role in the international trade of beans. It ensures standardized classification, helps determine import and export duties, and provides information on special tariff preference programs. Understanding this HS Code is essential for businesses involved in the import and export of beans to navigate the global market successfully.