The HS Code 21012044 refers to a specific product description, namely the preparation of 65% sugar. This preparation can be made with the basis of extract, essence, concentrate, or tea and mate. It is subject to the quota of Ch17 add US note 7. In this article, we will explore the details of this HS code and provide information on tariff rates and special tariff preferences.
The product described by HS Code 21012044 is a preparation of 65% sugar. This means that the product contains 65% sugar as its main ingredient. However, it can also include other substances such as extract, essence, concentrate, tea, or mate. These additional ingredients can enhance the flavor or provide unique characteristics to the sugar preparation.
The inclusion of extract, essence, concentrate, tea, or mate in the preparation is what distinguishes it from regular sugar. These additives can alter the taste, aroma, or texture of the sugar, making it more specialized or tailored to specific culinary or beverage applications.
The bound / MFN (Most Favored Nation) duty rate for HS Code 21012044 is 10%. The bound duty rate refers to the maximum tariff rate that a country can impose on the import of a specific product. The MFN principle states 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 means that if a country decides to reduce its tariff rates for HS Code 21012044, it must apply the same reduced rates to imports from all its trading partners. Conversely, if a country increases its tariff rates, it must do so uniformly for all trading partners as well.
The quantity unit for HS Code 21012044 is kilograms (KG). This means that the measurement and pricing of this product are based on weight in kilograms. It is essential for importers and exporters to accurately measure and declare the quantity of the product in kilograms to ensure compliance with customs regulations and accurate calculation of tariffs.
There are specific special tariff preference programs applicable to HS Code 21012044:
These special tariff preference programs aim to promote trade between countries by offering reduced or zero-tariff rates for specific products. Importers and exporters should explore these programs to take advantage of the favorable tariff rates and enhance their competitiveness in the market.
HS Code 21012044 is applicable to both importing and exporting US states. This means that any US state can import or export this product, subject to compliance with customs regulations and relevant trade agreements.
It is worth noting that the specific import or export requirements, documentation, and procedures may vary between states. Importers and exporters should consult with the relevant authorities or seek professional assistance to ensure smooth and compliant trade transactions.
HS Code 21012044 represents a preparation of 65% sugar with various additives such as extract, essence, concentrate, tea, or mate. It is subject to a bound / MFN duty rate of 10%, and the quantity unit is kilograms. Additionally, special tariff preference programs exist for imports from Oman and Peru. Understanding the details of this HS code is crucial for importers and exporters to engage in successful and compliant trade transactions.