HS Code 22051030: Vermouth in containers holding 2 liters or less
Vermouth is a popular alcoholic beverage that is often used as a key ingredient in various cocktails. It is a type of fortified wine that is flavored with various botanicals, such as herbs, spices, and fruits. Vermouth is known for its unique and complex flavor profile, making it a favorite among mixologists and cocktail enthusiasts.
HS Code 22051030 specifically refers to vermouth that is packaged in containers holding 2 liters or less. This code is used in international trade to classify and regulate the import and export of this particular product. Understanding the HS code is crucial for importers, exporters, and customs authorities to accurately identify and categorize the goods being traded.
When it comes to the import of vermouth with HS Code 22051030 into the United States, there are certain regulations and considerations that need to be taken into account. The bound or most-favored-nation (MFN) duty rate for this product is 3.5 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. This duty rate applies to all countries unless they qualify for special tariff preference programs.
Fortunately, there are several special tariff preference programs available for vermouth with HS Code 22051030. These programs offer reduced or duty-free treatment for eligible countries. The following countries are eligible for duty-free treatment under various special tariff preference programs:
1. Australia (A): Duty-free treatment under the Generalized System of Preferences (GSP).
2. Bahrain (BH): Duty-free treatment under a special rate.
3. Canada (CA): Duty-free treatment under the North American Free Trade Agreement (NAFTA).
4. Chile (CL): Duty-free treatment under a special rate.
5. European Union (E): Duty-free treatment under the Generalized System of Preferences (GSP).
6. Israel (IL): Duty-free treatment under a special rate.
7. Japan (J): Duty-free treatment under the Generalized System of Preferences (GSP).
8. Morocco (MA): Duty-free treatment under a special rate.
9. Mexico (MX): Duty-free treatment under the North American Free Trade Agreement (NAFTA).
10. Oman (OM): Duty-free treatment under a special rate.
11. Peru (PE): Duty-free treatment under a special rate.
12. Singapore (SG): Duty-free treatment under a special rate.
Additionally, Jordan (JO) is eligible for a special rate of 1.5 cents per liter for the import of vermouth with HS Code 22051030.
It is important for importers and exporters to be aware of these special tariff preference programs and their eligibility criteria. Taking advantage of these programs can significantly reduce the import costs and make the trade of vermouth more economically viable.
In terms of specific importing US states, vermouth with HS Code 22051030 can be imported into the following states:
- Connecticut
- District of Columbia
- New York
- Virgin Islands
For exporters, it is essential to identify the potential market and demand for vermouth in these states to maximize trade opportunities.
HS Code 22051030 pertains to vermouth in containers holding 2 liters or less. It is important for importers, exporters, and customs authorities to understand and comply with the regulations and special tariff preference programs associated with this HS code. By doing so, they can ensure smooth and cost-effective trade of this popular alcoholic beverage.
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