Blend syrup is a popular product that is widely used in various industries such as food and beverage, pharmaceuticals, and cosmetics. It is a versatile ingredient that adds flavor and sweetness to a wide range of products. In this article, we will explore the HS Code 21012038, which specifically refers to blend syrup preparations.
HS Code 21012038: Blend syrup (Ch17 add US note 4) preparation w/basis of extract/essence/concentrate or w/basis of tea or mate, over Ch17 add US note 9 quota
The HS Code 21012038 provides a specific classification for blend syrup preparations. It indicates that the syrup is made with a basis of extract, essence, concentrate, tea, or mate. Additionally, the code mentions that it falls under Chapter 17 of the Harmonized System, which pertains to sugars and sugar confectionery. It is important to note that this code also includes a quota restriction mentioned in US note 9.
Bound / MFN Duty Rate: 30.5 cents/kg + 8.5%
The bound or Most Favored Nation (MFN) duty rate for blend syrup under the HS Code 21012038 is 30.5 cents per kilogram plus an additional 8.5%. This means that when importing or exporting blend syrup, a certain amount is levied as customs duty based on the weight of the product. It is worth mentioning that the duty rate may vary depending on the country and specific trade agreements.
Quantity Unit: Kilograms (KG)
The quantity unit for blend syrup under HS Code 21012038 is kilograms (KG). This unit is used to measure the weight of the product for import and export purposes. It is essential for accurate documentation and calculation of customs duties or taxes.
Special Tariff Preference Programs:
These special tariff preference programs provide opportunities for importers and exporters to benefit from reduced or zero tariffs when trading blend syrup under HS Code 21012038. It is important to consult the specific codes and regulations for each country to ensure compliance and take advantage of these preferential rates.
the HS Code 21012038 is a specific classification for blend syrup preparations. It provides essential information regarding the product description, duty rates, quantity unit, and special tariff preference programs. Understanding this code is crucial for businesses involved in the import and export of blend syrup, as it facilitates proper classification, documentation, and compliance with customs regulations.