In international trade, HS codes are used to classify products for customs purposes. HS Code 21011232 specifically refers to preparations with a basis of extracts, essences, or concentrates or with a basis of coffee, subject to general note 15 (outside quota).
When importing or exporting goods, it is essential to be familiar with the relevant HS code to determine the applicable customs duties and any special tariff preference programs that may be available. HS Code 21011232 is no exception, as it directly impacts the trade of preparations with a basis of extracts, essences, or concentrates or with a basis of coffee.
The bound or most-favored-nation (MFN) duty rate for HS Code 21011232 is 10%. 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. The duty rate of 10% is applied to the value of the imported product.
The quantity unit for HS Code 21011232 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported preparations with a basis of extracts, essences, or concentrates or with a basis of coffee.
There are also special tariff preference programs applicable to HS Code 21011232. These programs provide preferential treatment in the form of reduced or duty-free rates for specific countries. The following countries benefit from special tariff preference programs for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. By granting duty-free or reduced duty treatment, they incentivize the import and export of preparations with a basis of extracts, essences, or concentrates or with a basis of coffee.
Importing and exporting of products under HS Code 21011232 can occur between various states within the United States. The specific importing and exporting states may vary depending on the trade agreements and arrangements between the parties involved.
HS Code 21011232 refers to preparations with a basis of extracts, essences, or concentrates or with a basis of coffee, subject to general note 15 (outside quota). It has a bound or MFN duty rate of 10% and is measured in kilograms (KG). Additionally, various special tariff preference programs offer duty-free or reduced duty treatment for this HS code. Understanding the implications of this HS code is crucial for importers, exporters, and traders involved in the trade of these specific products.