HS Code 22042980: Grape wine, other than sparkling, over 14% vol. alcohol, in containers holding over 4 liters
Grape wine is a popular alcoholic beverage enjoyed by people all around the world. It is made from fermented grapes and comes in various types and flavors. HS Code 22042980 specifically refers to grape wine that is not sparkling and has an alcohol content of over 14% by volume. Additionally, the wine is packed in containers that hold over 4 liters.
When it comes to international trade, HS codes play a crucial role in classifying products for customs and tariff purposes. The HS code 22042980 helps customs authorities identify and regulate the import and export of grape wine meeting the specified criteria.
One significant aspect of international trade is the concept of bound and MFN (Most Favored Nation) duty rates. Bound duty rates refer to the maximum rate of duty that a country can charge on a specific product. In the case of HS Code 22042980, the bound duty rate is 22.4 cents per liter.
On the other hand, MFN duty rates ensure that trade barriers and market access are equal for all trading partners. This means that if a country lowers a trade barrier or opens up a market for a particular product, it must do so for all its trading partners. The MFN duty rate for HS Code 22042980 remains consistent at 22.4 cents per liter.
The quantity unit for measuring grape wine under HS Code 22042980 is liters (L). This unit of measurement is used to determine the volume of wine being imported or exported.
In terms of special tariff preference programs, several countries offer preferential treatment for imports of grape wine under HS Code 22042980. These programs aim to promote trade and economic growth by providing reduced or duty-free access to certain countries. Here are some of the special tariff preference programs for HS Code 22042980:
1. Free: Imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
2. Bahrain Special Rate: Specific tariff rate for imports from Bahrain.
3. NAFTA (North American Free Trade Agreement) for Canada and Mexico: Grape wine imported from Canada and Mexico receives duty-free treatment.
4. Africa Growth and Opportunity Act (AGOA): Grape wine imported from eligible African countries receives duty-free treatment.
5. Caribbean Basin Initiative (CBI): Grape wine imported from eligible Caribbean countries receives duty-free treatment.
6. Israel Special Rate: Specific tariff rate for imports from Israel.
7. Andean Trade Preference Act (ATPA): Grape wine imported from eligible Andean countries receives duty-free treatment.
8. Oman Special Rate: Specific tariff rate for imports from Oman.
9. Dominican Republic-Central American Special Rate (DR-CAFTA): Grape wine imported from eligible countries in the DR-CAFTA region receives specific tariff treatment.
10. Peru Special Rate: Specific tariff rate for imports from Peru.
11. Singapore Special Rate: Specific tariff rate for imports from Singapore.
12. Australia Special Rate: Specific tariff rate for imports from Australia.
13. Chile Special Rate: Specific tariff rate for imports from Chile.
14. Jordan Special Rate: Specific tariff rate for imports from Jordan.
15. Morocco Special Rate: Specific tariff rate for imports from Morocco.
In the United States, HS Code 22042980 is imported into several states, including Connecticut, District of Columbia, New York, and the Virgin Islands. These states have a demand for grape wine meeting the specified criteria and have established trade routes and infrastructure to support its importation.
Overall, HS Code 22042980 plays a vital role in regulating the international trade of grape wine that is non-sparkling, has an alcohol content over 14% vol., and is packed in containers holding over 4 liters. The code helps customs authorities classify and track the import and export of this specific type of wine. Additionally, special tariff preference programs provide economic benefits and trade opportunities for countries importing or exporting grape wine under this HS code.
More on HS code 22042980
