The HS Code 21012048 refers to the product description "Preparation of 65% sugar (Ch17 add US note 2) with a basis of extract/essence/concentrate or with a basis of tea or mate, over Ch17 add US note 9 quota." This code is used to classify and identify this specific type of sugar preparation in international trade.
When importing or exporting goods, it is important to understand the HS code system. HS codes are standardized numerical codes used to classify products traded internationally. These codes are assigned by the World Customs Organization (WCO) and are recognized globally.
Let's dive deeper into the details of HS Code 21012048:
This HS code specifically applies to preparations of sugar that contain at least 65% sugar content and are made with a basis of extract, essence, concentrate, tea, or mate. It is important to note the additional import/export note and quota note mentioned, as they may have specific implications for trade regulations and restrictions.
Under HS Code 21012048, the bound / MFN (Most Favored Nation) duty rate is 30.5 cents per kilogram (kg) plus 8.5%. This means that when importing this sugar preparation, a certain amount of duty is imposed based on the weight and value of the goods. It is essential to consider this duty rate when calculating the cost of importing or exporting such products.
The quantity unit for HS Code 21012048 is kilograms (KG). This means that the weight of the sugar preparation is measured and recorded in kilograms. It is crucial to accurately determine the weight of the goods for customs declarations and trade documentation.
Several countries have special tariff preference programs for products classified under HS Code 21012048. These programs provide specific tariff rates or exemptions to promote trade and economic cooperation. The following countries have special rates for this particular sugar preparation:
It is important to consult the specific tariff codes mentioned for each country to understand the conditions and requirements for availing these special tariff rates.
HS Code 21012048 is applicable to both importing and exporting goods within the United States. This means that the code is relevant for trade activities between different states in the US.
Understanding HS Code 21012048 is essential for importers, exporters, and customs officials involved in the trade of sugar preparations. The code provides a standardized and internationally recognized classification for this specific product, allowing for efficient trade documentation and regulation.
Always ensure accurate classification and compliance with the relevant HS codes when engaging in international trade. By understanding the specifics of HS Code 21012048, businesses can navigate trade barriers, take advantage of special tariff programs, and ensure smooth import and export processes.