Blended syrups of cane or beet sugar fall under the HS code 99041776. This code is used to classify and identify these specific products for international trade purposes. In this article, we will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code.
The product description for HS code 99041776 is "Blended syrups of cane or beet sugar." These syrups are typically made by combining cane or beet sugar with other ingredients to create a sweet and flavorful syrup. They are commonly used as toppings for desserts, pancakes, and waffles, or as an ingredient in various recipes.
Blended syrups of cane or beet sugar classified under HS code 99041776 are specifically entered in quantity safeguard period. This means that there may be certain restrictions or regulations on the quantity of these syrups that can be imported or exported during a specific period.
The bound / MFN (Most Favored Nation) duty rate for HS code 99041776 is 11.3 cents per kilogram (kg) of total sugars. This duty rate applies to the total amount of sugars present in the blended syrups. Additionally, there is an additional 1.7% duty rate that applies every time a country lowers a trade barrier or opens up a market. This ensures that any changes in trade policies are applied equally to all trading partners for the same goods or services.
The quantity unit for HS code 99041776 is kilograms of total sugars (KTS). This unit of measurement is used to determine the quantity of blended syrups being imported or exported. It is important to accurately measure the total sugars present in the syrups to determine the appropriate duty rates and ensure compliance with trade regulations.
There may be special tariff preference programs available for blended syrups of cane or beet sugar classified under HS code 99041776. These programs aim to promote trade and provide certain benefits or exemptions for specific countries or regions. It is important for importers and exporters to stay updated on any special tariff programs that may be applicable to their trade activities.
As HS code 99041776 is used for international trade, it is relevant to consider the importing and exporting US states. The specific states involved in importing or exporting blended syrups of cane or beet sugar may vary depending on various factors such as demand, production capabilities, and trade agreements. It is advisable for businesses involved in this trade to conduct market research and identify potential importing and exporting states based on their target audience and supply chain capabilities.
HS code 99041776 represents blended syrups of cane or beet sugar in international trade. This code helps classify and identify these products for importers, exporters, and government agencies. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code is essential for successful and compliant trade activities.