When it comes to international trade, the Harmonized System (HS) code plays a crucial role in classifying products. HS Code 21039040 specifically refers to nonalcoholic preparations of yeast extract, excluding sauces. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS Code 21039040 covers nonalcoholic preparations of yeast extract that do not fall under the category of sauces. Yeast extract is a natural ingredient derived from yeast, and it is widely used in the food industry for its flavor-enhancing properties. These nonalcoholic preparations can be in various forms, such as powders, pastes, or liquids, and serve as a valuable ingredient in the production of various food products.
The bound duty rate for HS Code 21039040 is 3.2%. It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that the same goods or services from all trading partners receive equal treatment in terms of trade barriers and market access.
The quantity unit for HS Code 21039040 is kilograms (KG). This unit of measurement helps to standardize the quantity of nonalcoholic preparations of yeast extract being traded internationally. Importers and exporters can use this unit to accurately determine the quantity of goods being bought or sold.
HS Code 21039040 is eligible for special tariff preference programs in various countries. These programs provide favorable tariff treatment to promote trade and economic cooperation. The following countries offer special tariff rates for nonalcoholic preparations of yeast extract:
These special tariff preference programs enable importers and exporters to enjoy reduced or duty-free rates, making trade more cost-effective and encouraging international business relationships.
HS Code 21039040 is relevant to importers and exporters in various US states. Some of the major importing US states for nonalcoholic preparations of yeast extract include:
These states have a significant demand for nonalcoholic preparations of yeast extract, either for domestic consumption or for use in their respective industries. On the other hand, the major exporting US states for this HS code include:
These states play a crucial role in supplying nonalcoholic preparations of yeast extract to international markets, contributing to the global trade of this product.
HS Code 21039040 covers nonalcoholic preparations of yeast extract, excluding sauces. Understanding the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states, is crucial for importers, exporters, and businesses involved in the global trade of nonalcoholic yeast extract preparations.