HS Code 21012058 refers to the preparation of 10% sugar with a basis of extract/essence/concentrate or with a basis of tea or mate. This code falls under Chapter 17 of the Harmonized System (HS), which deals with sugars and sugar confectionery. The code also includes specific provisions outlined in US Note 3 and US Note 8 quotas.
The product description for HS Code 21012058 states that it is a preparation of 10% sugar. This means that the product contains 10% sugar as a component. Additionally, the preparation can be based on extract, essence, concentrate, tea, or mate, all falling under Chapter 17 of the HS.
Chapter 17 of the HS primarily focuses on sugars and sugar confectionery. It covers various types of sugars, including raw sugars, refined sugars, molasses, and sugar confectionery products. The inclusion of extract, essence, concentrate, tea, or mate in the preparation indicates that the product may have additional flavorings or ingredients.
US Note 3 and US Note 8 quotas further define the specific provisions and regulations for the import and export of products falling under HS Code 21012058. These notes provide guidelines and restrictions that must be followed when trading this specific product.
The bound or most-favored-nation (MFN) duty rate for HS Code 21012058 is 30.5 cents per kilogram (KG) plus 8.5%. The duty rate is the amount of tax or tariff imposed on the import or export of a product. In this case, the duty rate is levied on each kilogram of the product.
It is important to note that the duty rate may vary based on international trade agreements and negotiations. Whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment among trading partners.
HS Code 21012058 is eligible for various special tariff preference programs that offer reduced or exempted duty rates for specific countries. The following programs apply:
These programs aim to promote trade and economic partnerships between countries by providing preferential treatment to certain products. Under these programs, the duty rates for HS Code 21012058 may be reduced or waived entirely for eligible countries.
For example, Jordan has a special rate of duty exemption for this product, while Mexico benefits from the North American Free Trade Agreement (NAFTA) for duty-free trade. Bahrain, Chile, Morocco, Oman, the Dominican Republic, and Singapore also have their own specific rates and programs for HS Code 21012058.
HS Code 21012058 can be imported and exported to and from various states within the United States. The specific states involved in the import and export of this product may vary depending on trade agreements, transportation routes, and market demand.
It is important for importers and exporters to be aware of the regulations and requirements specific to each state when trading products falling under HS Code 21012058. This includes understanding any additional taxes, permits, or documentation that may be necessary for the import or export process.
HS Code 21012058 pertains to the preparation of 10% sugar with a basis of extract/essence/concentrate or with a basis of tea or mate. It falls under Chapter 17 of the Harmonized System and is subject to specific provisions outlined in US Note 3 and US Note 8 quotas.
The bound or most-favored-nation (MFN) duty rate for this code is 30.5 cents per kilogram (KG) plus 8.5%. However, there are various special tariff preference programs available that offer reduced or exempted duty rates for eligible countries.
Importing and exporting of products falling under HS Code 21012058 can take place between different states within the United States. Importers and exporters should familiarize themselves with the regulations and requirements specific to each state to ensure compliance and smooth trade operations.