When it comes to international trade, it is essential to have a systematic classification system that allows countries to identify and categorize the goods being imported or exported. The Harmonized System (HS) Code is a standardized numerical code used globally to classify products. In this article, we will delve into the details of HS Code 21069039, which pertains to artificially sweetened cough drops.
HS Code 21069039 represents artificially sweetened cough drops. These are medicinal products used to relieve cough symptoms by soothing the throat and suppressing cough reflexes. Unlike traditional cough drops that contain sugar, artificially sweetened cough drops are formulated with sugar substitutes to cater to specific dietary needs.
The bound or Most Favored Nation (MFN) duty rate for HS Code 21069039 is free. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same tariff rate for the import of artificially sweetened cough drops from all its trading partners. This promotes fair and equal treatment in international trade.
The quantity unit for HS Code 21069039 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported artificially sweetened cough drops.
Under certain circumstances, artificially sweetened cough drops may be eligible for special tariff preference programs. The following programs offer preferential treatment:
These special tariff preference programs aim to promote trade and economic development between specific countries by reducing or eliminating import duties on artificially sweetened cough drops.
HS Code 21069039 artificially sweetened cough drops are imported into the United States, with the majority being received by the states of Georgia and Vermont.
On the other hand, the top exporting states of HS Code 21069039 artificially sweetened cough drops from the United States are Hawaii, Arkansas, California, Connecticut, Missouri, North Carolina, Utah, and Wisconsin. These states contribute to the global distribution of this product.
HS Code 21069039 plays a vital role in ensuring the smooth flow of trade for artificially sweetened cough drops. Through its classification and associated tariff rates, countries can effectively regulate and facilitate international trade while providing accurate product information to customs authorities and traders.