HS Code 20081115: All You Need to Know About Peanut Butter and Paste
Peanut butter and paste are beloved food products enjoyed by people around the world. They are versatile and can be used in various recipes, from sandwiches to desserts. If you are involved in the import or export of peanut butter and paste, it is crucial to understand the HS code 20081115 and its implications. In this article, we will delve into the details of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs.
Product Description:
HS code 20081115 specifically refers to peanut butter and paste, not elsewhere specified or included (nesoi). It is important to note that this product is not subject to general note 15 or add US note 5 to Chapter 20. This HS code provides a precise classification for customs purposes, ensuring that the correct duties and regulations are applied to the product.
Bound / MFN Duty Rate:
The bound / most-favored-nation (MFN) duty rate for HS code 20081115 is 131.8%. This rate ensures 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 promotes fair and equal trade practices among nations.
Quantity Unit:
The quantity unit for HS code 20081115 is kilograms (KG). This unit of measurement helps in determining the weight of the peanut butter and paste being imported or exported.
Special Tariff Preference Programs:
Various countries have special tariff preference programs in place for peanut butter and paste under HS code 20081115. These programs provide preferential treatment, such as reduced or zero tariffs, to eligible countries. Here are some examples of these programs:
1.
Jordan Special Rate: Peanut butter and paste from Jordan enjoy a free tariff rate.
2.
NAFTA for Mexico: Mexico benefits from a free tariff rate under the North American Free Trade Agreement.
3.
Australia Special Rate: Peanut butter and paste from Australia are eligible for a special rate. Please refer to subheadings 9914.12.05 and 9914.12.20 for more details.
4.
Bahrain Special Rate: Peanut butter and paste from Bahrain are subject to a tariff rate of 54.9%.
5.
Chile Special Rate: Chilean peanut butter and paste enjoy a special rate. Please refer to subheadings 9912.12.05 and 9912.12.20 for more details.
6.
Morocco Special Rate: Peanut butter and paste from Morocco are eligible for a special rate. Please refer to subheadings 9916.12.05 and 9916.12.20 for more details.
7.
Oman Special Rate: Peanut butter and paste from Oman are subject to a tariff rate of 87.80%.
8.
Dominican Republic-Central American Special Rate (DR-CAFTA): Peanut butter and paste from countries under the DR-CAFTA agreement, such as the Dominican Republic and Central American nations, enjoy a special rate. Please refer to subheadings 9915.20.05-9915.20.20 for more details.
9.
Dominican Republic-Central American Plus Rate (DR-CAFTA Plus): This special rate applies to peanut butter and paste from countries under the DR-CAFTA Plus agreement, with a tariff rate of 114.2%.
10.
Peru Special Rate: Peanut butter and paste from Peru are eligible for a special rate. Please refer to subheadings 9910.12.05 and 9910.12.20 for more details.
11.
Singapore Special Rate: Peanut butter and paste from Singapore enjoy a special rate.
Importing US States:
HS code 20081115 is relevant for the import of peanut butter and paste into the United States. While the specific states involved in importing peanut butter and paste under this HS code are not mentioned, it is applicable to all states, including the District of Columbia.
Exporting US States:
The data provided does not mention the specific states involved in exporting peanut butter and paste from the United States under HS code 20081115. However, it is safe to assume that any state in the US can export this product using the appropriate customs procedures and regulations.
HS code 20081115 plays a vital role in the classification and regulation of peanut butter and paste for import and export purposes. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for businesses and individuals involved in the international trade of peanut butter and paste.
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