When it comes to international trade, it is essential to have a clear understanding of the products being imported or exported. The Harmonized System (HS) Code provides a standardized classification for goods traded across borders. In this article, we will explore HS Code 98172205, which pertains to rum, tafia, liqueurs, and spirituous beverages.
Product Description: Rum, tafia, liqueurs, and spirituous beverages falling under subheadings 2208.40 or 2208.90, as described in US note 6 to this subchapter.
Rum, tafia, liqueurs, and spirituous beverages are alcoholic beverages that have gained popularity worldwide. Subheadings 2208.40 and 2208.90 refer to specific categories within the broader classification of alcoholic beverages. US note 6 provides additional details and specifications for these products.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate is an important aspect of international trade. It ensures that trade barriers are lowered or markets are opened up consistently for all trading partners. In the case of HS Code 98172205, the specific duty rate may vary depending on the country and its trade agreements.
Quantity Unit: The quantity unit for HS Code 98172205 is not available (NA). It is important to note that the quantity unit may vary for different HS Codes depending on the nature and packaging of the product.
Special Tariff Preference Programs: The special tariff preference programs aim to promote trade and economic cooperation between countries. For HS Code 98172205, there is a specific program that offers tariff benefits known as FreeDetail:Free. This program allows for duty-free or reduced-duty imports and exports of rum, tafia, liqueurs, and spirituous beverages.
Importing US States: HS Code 98172205 applies to imports of rum, tafia, liqueurs, and spirituous beverages into the United States. It is crucial for importers to be aware of the specific regulations and requirements set by the US government and relevant agencies.
Exporting US States: HS Code 98172205 also applies to exports of rum, tafia, liqueurs, and spirituous beverages from the United States. Exporters should familiarize themselves with the regulations and procedures involved in exporting these products to different countries.
HS Code 98172205 encompasses rum, tafia, liqueurs, and spirituous beverages falling under specific subheadings and described in US note 6. Understanding the HS Code and its associated details is crucial for importers and exporters engaged in international trade. It enables compliance with regulations, facilitates smooth customs procedures, and ensures proper classification and valuation of goods.