Sugars, syrups, and molasses are widely used ingredients in various food and beverage products. They are classified under HS Code 99041715, which includes specific sub-categories such as 1701.12.50, 1701.91.30, and 1701.99.50. This article aims to provide an extensive analysis of this HS Code, including its description, duty rates, quantity unit, and special tariff preference programs.
Under HS Code 99041715, the product description encompasses sugars, syrups, and molasses. These products are essential ingredients in the food and beverage industry, adding sweetness and flavor to a wide range of products. The sub-categories 1701.12.50, 1701.91.30, and 1701.99.50 further specify the type and composition of the sugars, syrups, and molasses being imported or exported.
It is important to note that these products fall under a value safeguard period, where a minimum value of $0.35/kg or more is applied. This ensures that the quality and pricing of the imported sugars, syrups, and molasses meet the necessary standards.
The bound / MFN (Most Favored Nation) duty rate refers to the duty imposed on the import or export of goods under HS Code 99041715. In the case of this HS Code, no additional duty is levied every time a country lowers a trade barrier or opens up a market. This principle ensures that the same goods or services from all trading partners are treated equally, promoting fair trade practices.
The quantity unit for HS Code 99041715 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported sugars, syrups, and molasses. It is crucial to accurately measure the quantity to ensure transparency and consistency in trade transactions.
Special tariff preference programs aim to provide certain benefits or concessions to specific countries or regions. While not explicitly mentioned in the provided data, it is worth mentioning some of the notable special tariff preference programs that may be relevant to HS Code 99041715:
It is essential for importers and exporters of sugars, syrups, and molasses under HS Code 99041715 to be aware of these special tariff preference programs. They can significantly impact the duty rates and overall cost of trade, providing opportunities for cost savings and market access.
While the provided data does not specify the importing and exporting US states for HS Code 99041715, it is worth noting that the import and export dynamics of sugars, syrups, and molasses vary across different states.
States such as Louisiana, Florida, and Hawaii are known for their production of sugarcane, which serves as a primary source of sugar and molasses. These states may have significant exports of sugars, syrups, and molasses to other states or countries.
On the other hand, states with high food and beverage manufacturing industries, such as California, New York, and Illinois, may have higher imports of sugars, syrups, and molasses to meet their production needs.
Understanding the importing and exporting US states can provide valuable insights into the demand and supply dynamics of sugars, syrups, and molasses under HS Code 99041715.
HS Code 99041715 encompasses sugars, syrups, and molasses, which are vital ingredients in the food and beverage industry. This comprehensive analysis has provided insights into the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states relevant to this HS Code. Importers, exporters, and industry stakeholders can utilize this information to navigate the trade of sugars, syrups, and molasses effectively.