HS Code 22029024 refers to non-alcoholic milk-based drinks (excluding chocolate) that are subject to the addition of US note 10 to Chapter 4 and are not covered by GN15. These drinks are typically consumed as beverages and are classified under this specific HS code for import-export purposes.
The bound or Most Favored Nation (MFN) duty rate for products falling under HS Code 22029024 is 17.5%. The MFN duty rate ensures that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This promotes fair and equal trade practices among countries.
The quantity unit for HS Code 22029024 is liters (L). This means that the volume of the non-alcoholic milk-based drinks is measured and recorded in liters during import-export transactions.
There are several special tariff preference programs applicable to products classified under HS Code 22029024. These programs provide certain countries with preferential treatment in terms of duty rates. The following programs offer duty-free treatment or special rates for imports of non-alcoholic milk-based drinks:
When importing products classified under HS Code 22029024 into the United States, the following states are involved:
On the other hand, the following states are involved in exporting these products from the United States:
HS Code 22029024 plays a crucial role in accurately classifying and tracking non-alcoholic milk-based drinks during international trade. Understanding the specific HS code and its associated information helps facilitate smooth import-export transactions and ensures compliance with trade regulations.