The HS Code 23031000 refers to residues of starch manufacture and similar residues. This code is used to classify and track these specific types of products in international trade. In this article, we will explore the details of this HS code, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 23031000 is residues of starch manufacture and similar residues. This includes by-products or waste materials generated during the production of starch from various sources such as corn, potatoes, or wheat. These residues can be in the form of bran, husks, or other similar materials.
The bound / MFN (Most Favored Nation) duty rate for HS Code 23031000 is 1.4%. The MFN duty rate is applied by a country every time it lowers a trade barrier or opens up a market. It means that the same duty rate should be applied to the same goods or services from all trading partners of that country.
The quantity unit for HS Code 23031000 is metric tons (T). This unit is used to measure the weight or quantity of the product being traded. In the case of residues of starch manufacture, the quantity is measured in metric tons.
HS Code 23031000 is eligible for various special tariff preference programs. These programs provide certain countries or regions with preferential treatment in terms of duty rates. Here are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade and economic development by providing certain countries or regions with more favorable duty rates.
The following US states are the major importers of products classified under HS Code 23031000:
These states import significant quantities of residues of starch manufacture and similar residues. The import data indicates the demand for these products in these regions.
On the other hand, the following US states are the major exporters of products classified under HS Code 23031000:
These states are the primary sources of residues of starch manufacture and similar residues that are exported to other countries. They play a crucial role in supplying these products to meet global demand.
HS Code 23031000 represents residues of starch manufacture and similar residues. It is important for international trade purposes, as it helps in classifying and tracking these products. The code is applicable to various special tariff preference programs, and its duty rate is 1.4%. Understanding this HS code is essential for importers, exporters, and policymakers involved in the trade of residues of starch manufacture.