The HS Code 23024001 refers to bran, sharps (middlings), and other residues derived from the sifting, milling, or other working of cereals. However, it excludes corn, rice, and wheat. This code is used to identify and classify this specific product for international trade purposes.
When importing or exporting goods, it is important to understand the HS code as it helps customs authorities determine the appropriate duties and regulations for the product. The HS code is an international standard for classifying and categorizing traded goods.
The bound or Most Favored Nation (MFN) duty rate for HS Code 23024001 is free. This means that there are no duties imposed on this product when it is imported into countries that adhere to the rules of the World Trade Organization (WTO). The principle of MFN dictates that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for this HS code is metric tons (T). It is a standardized unit of measurement used to quantify the volume or weight of the product being traded.
There are also special tariff preference programs associated with HS Code 23024001. These programs provide specific benefits and exemptions for certain countries. The following countries enjoy a tariff preference for this product:
When it comes to importing this product into the United States, the following states are listed as importing destinations:
On the other hand, the following states are listed as exporting states:
Understanding the HS code and its associated details is crucial for international trade. It helps ensure proper classification, determine applicable tariffs, and comply with trade regulations. Importers and exporters should consult with customs authorities or seek professional advice to ensure compliance with the specific requirements for their products.