Blended syrups of cane or beet sugar fall under the HS Code 99041769. This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the details of this HS code and provide relevant information about the product it represents.
The product description for HS Code 99041769 is blended syrups of cane or beet sugar. These syrups can be classified under various subcategories, including 1702.20.28, 1702.30.28, 1702.40.28, and more. The entered value safeguard period for this product is $0.15-$0.199/kg, indicating the range within which the value of the product is protected during import.
When it comes to trade barriers and market access, the bound / MFN (Most Favored Nation) duty rate for blended syrups of cane or beet sugar is 7 cents/kg. The concept of MFN duty rate means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This ensures equal treatment and fair competition among trading nations.
The quantity unit for this product is kilograms (KG). This means that the weight of the blended syrups of cane or beet sugar, when imported or exported, is measured in kilograms. This standard unit of measurement helps in accurate pricing, logistics, and trade statistics.
Special tariff preference programs may apply to the import or export of blended syrups of cane or beet sugar under HS Code 99041769. These programs provide certain benefits, such as reduced tariff rates or exemptions, for specific countries or regions. Importing and exporting US states may have their own preferences and regulations regarding the trade of this product.
HS Code 99041769 represents blended syrups of cane or beet sugar in international trade. This code helps in classifying and identifying the product for customs and regulatory purposes. Understanding the details and implications of this HS code is essential for businesses and individuals involved in the import and export of blended syrups of cane or beet sugar.