Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 22059040: Vermouth in containers each holding over 4 liters

When it comes to international trade, there are various regulations and codes that help classify and identify different products. One such code is the HS code, which stands for Harmonized System Code. The HS code 22059040 specifically refers to Vermouth in containers each holding over 4 liters. In this article, we will explore more about this particular product and its import/export details.

Product Description:

Vermouth is a type of fortified wine that is flavored with various herbs, spices, and other botanicals. It is typically used as an ingredient in cocktails or enjoyed on its own. The HS code 22059040 specifically refers to Vermouth that is packaged in containers each holding over 4 liters. This code helps customs authorities and traders easily identify and classify the product during import and export processes.

Bound / MFN Duty Rate:

The bound / MFN (Most Favored Nation) duty rate for HS code 22059040 is 3.8 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 duty rate is applied to each liter of Vermouth imported or exported, helping regulate trade and collect revenue for the respective countries.

Quantity Unit:

The quantity unit for HS code 22059040 is liters (L). This unit helps determine the volume of Vermouth being imported or exported. It ensures accurate measurement and facilitates trade negotiations and transactions.

Special Tariff Preference Programs:

HS code 22059040 is eligible for various special tariff preference programs. These programs offer different duty rates or duty-free treatment based on the country of origin or destination. Here are some of the special tariff preference programs applicable to Vermouth in containers each holding over 4 liters:

• Free: Imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment. This means that these imports are exempt from paying any duties or taxes.
• Australia Special Rate
• Bahrain Special Rate
• NAFTA (North American Free Trade Agreement) for Canada: Vermouth imported from Canada receives duty-free treatment.
• Chile Special Rate
• Africa Growth and Opportunity Act (AGOA): Vermouth imported from eligible African countries receives duty-free treatment.
• Caribbean Basin Initiative (CBI)
• Israel Special Rate
• Andean Trade Preference Act (ATPA)
• Morocco Special Rate
• NAFTA for Mexico: Vermouth imported from Mexico receives duty-free treatment.
• Oman Special Rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru Special Rate
• Singapore Special Rate
• Jordan Special Rate: Vermouth imported from Jordan incurs a duty rate of 1.6 cents per liter.

Importing US States:

HS code 22059040 is imported into the following US states:

• Connecticut
• District of Columbia
• New York
• Virgin Islands
• Connecticut
• District of Columbia
• New York
• Virgin Islands

Exporting US States:

The exporting US states for HS code 22059040 may vary depending on the specific trade agreements and market demand. It is advisable to consult the latest trade data and market trends to identify the major exporting states for Vermouth in containers each holding over 4 liters.

HS code 22059040 plays a crucial role in classifying and identifying Vermouth in containers each holding over 4 liters for international trade. It helps customs authorities, traders, and governments track and regulate the import and export of this product. The code is associated with specific duty rates, quantity units, and special tariff preference programs, which can have an impact on the cost and market access for Vermouth in different countries.