Peanuts are a popular and nutritious snack enjoyed by people all over the world. As an importer, it is essential to understand the specific HS code assigned to peanuts to navigate the international trade market effectively. In this article, we will discuss in detail the HS code 99041209 for peanuts, including its product description, tariff rates, quantity unit, and special tariff preference programs. Let's dive in!
The HS code 99041209 refers to "Peanuts, other" and falls under the broader category of nuts and edible seeds. These peanuts are specifically classified under subheadings 1202.20.80, 2008.11.35, and 2008.11.60. The "entered in value safeguard period" indicates that certain measures or restrictions are in place to protect domestic producers in the importing country.
The value safeguard period for HS code 99041209 peanuts is $0.20-$0.299/kg. This means that the import value of peanuts within this price range will be subject to specific regulations or limitations imposed by the importing country.
The bound / MFN (Most-Favored Nation) duty rate for HS code 99041209 peanuts is 37.4 cents/kg. This duty rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of tariff rates.
The quantity unit for HS code 99041209 peanuts is kilograms (KG). This unit of measurement is universally accepted and used in international trade to determine the weight or quantity of goods being imported or exported.
Special tariff preference programs aim to facilitate trade and provide certain benefits or advantages to eligible importers or exporters. While specific programs may vary from country to country, some common ones related to peanuts import include:
When it comes to peanuts import, understanding the importing and exporting US states is crucial for market analysis and distribution. The top peanut-producing states in the United States include:
These states play a significant role in peanut production and contribute to the overall export volume of peanuts from the United States. Importers can establish trade relationships with these states to ensure a steady supply of high-quality peanuts.
HS code 99041209 is the designated code for peanuts import. Understanding this code and its associated information, such as product description, tariff rates, quantity unit, and special tariff preference programs, is essential for importers looking to engage in the international trade of peanuts. By staying informed and leveraging available trade programs, importers can successfully navigate the market and ensure a smooth import process for peanuts.