HS Code 20059950: A Comprehensive Guide to Pimientos, Prepared or Preserved Otherwise Than by Vinegar or Acetic Acid, Not Frozen
- Product description: Pimientos, prepared or preserved otherwise than by vinegar or acetic acid, not frozen
- Bound / MFN duty rate: 8.1%
- Quantity unit: kilograms (KG)
- Special tariff preference programs: Free (A+, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, PE, SG) 3.20% (AU)
Pimientos, also known as cherry peppers, are a popular ingredient used in various cuisines around the world. They are typically prepared or preserved in different ways, but in the case of HS Code 20059950, they are specifically prepared or preserved without the use of vinegar or acetic acid and are not frozen.
When it comes to international trade, understanding the Harmonized System (HS) codes is crucial. The HS code 20059950 specifically identifies pimientos that meet the defined criteria. This code helps in proper classification and facilitates smooth trade between countries.
The bound / MFN duty rate for pimientos under HS Code 20059950 is 8.1%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate is applicable to the import of pimientos under this HS code.
The quantity unit for pimientos under HS Code 20059950 is kilograms (KG). This unit of measurement is commonly used in international trade to specify the weight of the imported or exported goods.
In addition to the bound / MFN duty rate, pimientos under HS Code 20059950 are eligible for special tariff preference programs. These programs aim to provide certain benefits or exemptions to encourage trade between specific countries. The following special tariff preference programs apply to pimientos under this HS code:
- Free: Imports from least-developed beneficiary developing countries eligible for GSP under that subheading (duty-free treatment)
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Africa Growth and Opportunity Act (AGOA) (duty-free treatment)
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
- 3.20%: Australia Special Rate
These special tariff preference programs provide varying degrees of benefits to importing countries. Some countries may enjoy duty-free treatment, while others may have a reduced duty rate of 3.20%. It is important for importers and exporters to be aware of these programs and their eligibility criteria to take advantage of potential cost savings.
When importing pimientos under HS Code 20059950, it is also essential to consider the trade dynamics between importing and exporting US states. The specific import and export states can impact the regulations, transportation logistics, and overall efficiency of the trade process. Therefore, it is crucial to understand and comply with the requirements of both the importing and exporting states to ensure a smooth and successful trade transaction.
HS Code 20059950 identifies pimientos that are prepared or preserved otherwise than by vinegar or acetic acid, not frozen. This code helps in the proper classification and trade facilitation of these goods. Understanding the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code is vital for importers and exporters. By staying informed about the regulations and trade dynamics, businesses can optimize their trade transactions involving pimientos and ensure compliance with the relevant authorities.
More on HS code 20059950
