Grape wine is a popular alcoholic beverage enjoyed by people all over the world. The HS Code 22042940 specifically refers to grape wine that is not sparkling and has an alcohol content of over 14% vol. It is important to note that this code applies to wine that is packaged in containers holding over 2 but not over 4 liters.
When it comes to international trade, countries often impose certain duties or tariffs on imported goods. In the case of HS Code 22042940, the bound or most-favored-nation (MFN) duty rate is 22.4 cents per liter. This means 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.
The quantity unit for this HS Code is liters (L). This is the standard unit used to measure the volume of the wine being imported or exported.
There are also special tariff preference programs in place for grape wine under HS Code 22042940. These programs offer different duty rates based on the country of origin. Here are the details:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trading grape wine under this HS Code.
When it comes to importing grape wine under HS Code 22042940, there are specific US states that are known for their wine consumption. These states include Connecticut, District of Columbia, New York, and the Virgin Islands. If you are looking to export grape wine to the United States, targeting these states may be a strategic choice.
HS Code 22042940 refers to grape wine with an alcohol content of over 14% vol. packaged in containers holding over 2 but not over 4 liters. Understanding the duties, special tariff preference programs, and target markets associated with this HS Code is crucial for importers and exporters in the wine industry.