The HS Code 20081142: Peanuts, Otherwise Prepared or Preserved
Peanuts are a popular snack enjoyed by people all over the world. They are not only tasty but also packed with nutrients, making them a healthy choice for snacking. Peanuts can be consumed in various forms, such as raw, roasted, or in the form of peanut butter. However, there are also other preparations and preservation methods for peanuts that fall under the HS Code 20081142.
The HS Code 20081142 refers to peanuts that are otherwise prepared or preserved, not elsewhere specified or included. This means that it includes peanuts that have undergone specific processing or preservation methods, which are not covered by other HS codes. The code is subject to General Note 15 of the Harmonized Tariff Schedule (HTS).
When it comes to the import and export of peanuts falling under the HS Code 20081142, it is essential to understand the duty rates associated with it. The bound or most-favored-nation (MFN) duty rate for these peanuts is 6.6 cents per kilogram (KG). This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners.
The quantity unit for the HS Code 20081142 is kilograms (KG). This unit is used to measure the weight of the peanuts being imported or exported. It is crucial to accurately measure the quantity of peanuts to ensure proper trade documentation and compliance with regulations.
In terms of tariff preference programs, peanuts falling under the HS Code 20081142 are eligible for various special rates and duty-free treatment. Some of these programs include:
1. Generalized System of Preferences (GSP): Imports from least-developed beneficiary developing countries are eligible for duty-free treatment under this subheading.
2. Australia Special Rate: Peanuts imported from Australia may be subject to a special rate, which provides certain benefits or exceptions regarding customs duties.
3. Bahrain Special Rate: Peanuts imported from Bahrain may be subject to a special rate, offering specific advantages or exemptions related to customs duties.
4. NAFTA for Canada: Peanuts imported from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
5. Chile Special Rate: Peanuts imported from Chile may be eligible for a special rate, granting specific benefits or exceptions in terms of customs duties.
6. Africa Growth and Opportunity Act (AGOA): Peanuts imported under AGOA receive duty-free treatment. This program aims to promote economic development in eligible African countries.
7. Caribbean Basin Initiative (CBI): Peanuts imported under the CBI receive duty-free treatment. This program supports economic growth and development in the Caribbean region.
8. Israel Special Rate: Peanuts imported from Israel may be subject to a special rate, offering specific benefits or exemptions related to customs duties.
9. Andean Trade Preference Act (ATPA): Peanuts imported under the ATPA receive duty-free treatment. This program aims to promote economic cooperation and development in the Andean region.
10. Jordan Special Rate: Peanuts imported from Jordan may be subject to a special rate, providing certain benefits or exceptions in terms of customs duties.
11. Morocco Special Rate: Peanuts imported from Morocco may be eligible for a special rate, granting specific advantages or exemptions related to customs duties.
12. NAFTA for Mexico: Peanuts imported from Mexico under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
13. Oman Special Rate: Peanuts imported from Oman may be subject to a special rate, offering specific benefits or exemptions related to customs duties.
14. Dominican Republic-Central American Special Rate (DR-CAFTA): Peanuts imported from the Dominican Republic or Central American countries under the DR-CAFTA receive duty-free treatment.
15. Peru Special Rate: Peanuts imported from Peru may be eligible for a special rate, granting specific advantages or exemptions related to customs duties.
16. Singapore Special Rate: Peanuts imported from Singapore may be subject to a special rate, offering specific benefits or exemptions related to customs duties.
When it comes to importing peanuts falling under the HS Code 20081142, the District of Columbia is the importing state in the United States. However, the exporting states are not specified in the provided data.
the HS Code 20081142 covers peanuts that are otherwise prepared or preserved, not elsewhere specified or included. It is important to understand the duty rates, quantity unit, and special tariff preference programs associated with this code when importing or exporting peanuts. By complying with regulations and taking advantage of special rates, importers and exporters can ensure smooth and cost-effective trade of peanuts falling under this HS code.
More on HS code 20081142
