Compound alcoholic preparations are a type of ingredient used in the manufacture of beverages. These preparations contain over 50% alcohol by weight and are subject to specific trade regulations and tariffs. In this article, we will explore the details of HS Code 21069018 and its implications for international trade.
HS Code 21069018 is a classification code used by customs authorities to identify compound alcoholic preparations. The code provides a standardized system for categorizing products and determining applicable duties and trade policies.
The product description for HS Code 21069018 is "Compound alcoholic preparations of a kind used for the manufacture of beverages, containing over 50% of alcohol by weight." This description indicates that the preparations are specifically intended for use in the production of beverages and have a high alcohol content.
The bound duty rate for HS Code 21069018 is 17 cents per kilogram (KG) plus an additional 1.9% for each time a country lowers a trade barrier or opens up a market. This duty rate is applied to the imported weight of the compound alcoholic preparations.
HS Code 21069018 is eligible for various special tariff preference programs, which can provide reduced or duty-free treatment for imports. The following countries or regions offer special rates for compound alcoholic preparations:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing preferential treatment for specific goods. Importers should consult the specific regulations and requirements of each program for eligibility and benefits.
When it comes to importing compound alcoholic preparations under HS Code 21069018 into the United States, the following states are commonly involved:
These states serve as major import destinations for this particular product. It is worth noting that the list provided may not be exhaustive and can vary over time.
On the other hand, the following US states are frequently involved in exporting compound alcoholic preparations:
These states have a significant presence in the export market for compound alcoholic preparations, indicating their role in supplying these products to international markets.
HS Code 21069018 represents compound alcoholic preparations used in the manufacture of beverages. Understanding this code and its associated regulations, duty rates, and special tariff preference programs is essential for businesses involved in the import and export of these products. By adhering to the applicable trade policies and taking advantage of special programs, importers and exporters can navigate the international market more effectively and efficiently.