The HS Code 33021050 refers to mixtures of odoriferous substances with a basis of alcohol, where over 50% of the mixture is composed of alcohol by weight. These mixtures can be used as beverages by simply adding ethyl alcohol or water. This article will provide an extensive overview of this HS code and its implications in international trade.
The product description for HS Code 33021050 highlights the composition and purpose of these mixtures. These mixtures consist of odoriferous substances combined with alcohol, making them suitable for use as beverages. By adding ethyl alcohol or water, these mixtures can be transformed into enjoyable drinks with aromatic properties.
The bound / MFN (Most Favored Nation) duty rate for HS Code 33021050 is 17 cents per kilogram (kg) plus an additional 1.9% of the value of the goods. The MFN duty rate is applicable whenever a country lowers a trade barrier or opens up a market. It ensures that any trade restrictions or benefits are applied equally to all trading partners for the same goods or services.
The quantity unit for HS Code 33021050 is kilograms (kg). This indicates that the measurement and pricing of these mixtures are based on their weight in kilograms. It is essential for importers and exporters to accurately measure and declare the weight of the goods to comply with international trade regulations.
HS Code 33021050 is eligible for various special tariff preference programs, providing benefits and exemptions to certain countries. The following countries enjoy special tariff rates or duty-free treatment for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. They provide incentives for importing and exporting HS Code 33021050, encouraging business growth and international partnerships.
Based on available data, the following US states have been identified as importers and exporters of products classified under HS Code 33021050:
This information indicates that Utah is both an importer and exporter of mixtures of odoriferous substances with alcohol. Georgia and Maryland are identified as importing states, while New Jersey is solely an exporting state for this particular HS code.
HS Code 33021050 represents mixtures of odoriferous substances with alcohol, primarily used as beverages. Understanding the product description, duty rates, special tariff preference programs, and the importing/exporting states associated with this HS code is crucial for businesses engaged in international trade. By leveraging the benefits provided by special tariff preference programs, importers and exporters can optimize their operations and foster global trade relationships.