Lime juice, with a Brix value exceeding 20, is a popular beverage ingredient that is used in a variety of drinks and recipes. The HS Code 20093920 specifically refers to lime juice that is fit for beverage purposes and is unfermented.
When it comes to international trade, the HS Code plays a crucial role in identifying and categorizing products. The HS Code 20093920 helps customs authorities and traders classify lime juice for import and export purposes. It ensures that the product is correctly identified and that the appropriate duties and regulations are applied.
The bound or MFN (Most Favored Nation) duty rate for lime juice with HS Code 20093920 is 1.7 cents per liter. 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. This duty rate applies to all countries unless they have a special tariff preference program in place.
The quantity unit for lime juice with HS Code 20093920 is liters (L). This unit of measurement helps in accurately quantifying the volume of lime juice being traded.
There are several special tariff preference programs in place for lime juice with HS Code 20093920. These programs provide certain countries with preferential treatment, allowing them to import or export the product duty-free or at a reduced rate. The countries that benefit from these programs include:
It's important to note that these special tariff preference programs may vary and change over time. Therefore, it is crucial for importers and exporters to stay updated with the latest regulations and trade agreements.
In the United States, the states of Hawaii and Idaho are known for importing lime juice with HS Code 20093920. These states have a demand for this particular product, either for local consumption or for further distribution across the country.
HS Code 20093920 plays a vital role in international trade, ensuring that lime juice for beverage purposes is correctly identified and regulated. It enables countries to apply the appropriate duties and provides preferential treatment to certain trading partners. By understanding the HS Code and its associated data, importers and exporters can navigate the global market more efficiently and effectively.