Guava jam is a delightful and flavorful product that has gained popularity worldwide. It is made from the tropical fruit guava, which is known for its unique taste and health benefits. In this article, we will explore the HS Code 20079930, which specifically refers to guava jam, and provide valuable information about its import and export regulations, special tariff preference programs, and more.
Guava jam is a type of fruit preserve that is made by cooking down ripe guavas with sugar and other ingredients. It has a smooth texture, vibrant color, and a deliciously sweet and tangy taste. Guava jam is often enjoyed as a spread on toast, biscuits, or used as a filling in pastries and desserts.
The HS Code 20079930 is a unique code used to classify guava jam for international trade. It helps customs authorities and traders identify and categorize the product accurately. This code is widely recognized and used by countries around the world, ensuring smooth and efficient trade operations.
It is important to note that the HS Code 20079930 specifically applies to guava jam and not other fruit jams or preserves. Each type of jam or preserve has its own distinct HS code to maintain clarity in international trade.
Under the World Trade Organization (WTO) rules, countries are required to provide the same treatment to all their trading partners. This means that when 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.
For guava jam classified under HS Code 20079930, the bound or Most Favored Nation (MFN) duty rate is free. This means that importing countries do not impose any tariffs or duties on guava jam when it enters their markets. This encourages international trade and allows consumers to enjoy guava jam at affordable prices.
The quantity unit for guava jam, as classified under HS Code 20079930, is kilograms (KG). This unit of measurement is used to determine the weight of the product during import and export processes. It ensures accurate calculation of quantities and helps in determining appropriate shipping logistics.
Several countries have special tariff preference programs in place that offer additional benefits for importing guava jam. These programs aim to promote trade, economic development, and strengthen bilateral relationships. Here are some of the special tariff preference programs applicable to guava jam under HS Code 20079930:
Guava jam classified under HS Code 20079930 can be imported and exported to and from various states within the United States. Some of the major importing states for guava jam include:
These states have a high demand for guava jam due to their diverse populations and culinary preferences. Exporting US states for guava jam include states that produce guava in large quantities, such as:
These states have favorable climates for guava cultivation and contribute significantly to the export of guava jam to other countries.
HS Code 20079930 plays a crucial role in the international trade of guava jam. It helps in accurately classifying the product, determining import duties, and availing special tariff preference programs. Understanding the HS code and its implications is essential for importers, exporters, and traders involved in the guava jam industry. With the information provided in this article, you are now equipped with valuable insights into the world of guava jam trade and its associated regulations.