The HS Code 20059980: Artichokes, prepared or preserved otherwise than by vinegar or acetic acid, not frozen
Artichokes are a popular vegetable known for their unique taste and numerous health benefits. They can be enjoyed in various forms, including fresh, frozen, and preserved. In the case of HS Code 20059980, we are specifically referring to prepared or preserved artichokes that are not frozen and are not preserved using vinegar or acetic acid.
The HS Code 20059980 is an internationally recognized code used to classify and categorize specific products for import and export purposes. It helps customs authorities and traders to accurately identify and track goods as they move across borders. This code ensures consistency and uniformity in trade documentation and simplifies the process of international trade.
When importing or exporting artichokes under HS Code 20059980, it is essential to understand the associated duties and tariff rates. The bound or Most Favored Nation (MFN) duty rate for this product is 14.9%. This means that every country must apply the same duty rate when importing or exporting artichokes prepared or preserved in this manner.
Quantity is measured in kilograms (KG) for this particular HS Code. It is crucial to accurately document the weight of the artichokes to comply with customs regulations and facilitate smooth trade transactions.
Special tariff preference programs can provide certain countries with preferential treatment in terms of duty rates. Under HS Code 20059980, artichokes can qualify for various special tariff preference programs. The following countries are eligible for duty-free treatment: A+, BH, CA, CL, D, E, IL, J, JO, MX, P, and PE. Each of these countries can import artichokes under this HS Code without paying any duties.
Australia (AU) enjoys a special rate of 9.80% when importing artichokes prepared or preserved under HS Code 20059980. Morocco (MA) has a special rate of 7.40%, while Oman (OM) has a rate of 8.9%. Singapore (SG) benefits from a special rate of 1.80% for these artichokes.
It is important to note that these special rates are subject to specific conditions and requirements. For example, the duty-free treatment under the Africa Growth and Opportunity Act (AGOA) applies only to imports from least-developed beneficiary developing countries. The Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, NAFTA for Mexico, Dominican Republic-Central American Special Rate (DR-CAFTA), and Peru Special Rate may have their own eligibility criteria.
When importing artichokes under HS Code 20059980, it is also crucial to consider the states involved in the trade. The importing US states and exporting US states play a significant role in determining the logistics and regulations associated with the shipment.
HS Code 20059980 represents prepared or preserved artichokes that are not frozen and are not preserved using vinegar or acetic acid. Understanding the associated duties, special tariff preference programs, and importing/exporting states is essential for smooth and compliant international trade transactions involving artichokes. By adhering to the regulations and requirements outlined by this HS Code, importers and exporters can ensure a seamless flow of goods across borders.
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