Lima beans, also known as butter beans, are a popular legume that is widely consumed around the world. They are a rich source of protein, dietary fiber, and essential nutrients. Lima beans can be prepared in various ways, including boiling, steaming, or freezing. In this article, we will focus on frozen Lima beans and explore the HS code 07102215.
The HS code 07102215 is a specific code assigned to frozen Lima beans. This code is used in international trade to classify and track the import and export of goods. It provides detailed information about the product, including its description, duty rates, quantity unit, and special tariff preference programs.
Product Description: Lima beans, frozen, entered June 1 - October 31
The product description specifies that the Lima beans are frozen and the timeframe for their entry into the market. This information is important for importers and exporters to ensure compliance with regulations and to plan their trade activities accordingly.
Bound / MFN Duty Rate: 4.9 cents/kg
The bound or most-favored-nation (MFN) duty rate for HS code 07102215 is 4.9 cents per kilogram. This is the rate applied to the goods unless there are special tariff preference programs in place. The duty rate plays a crucial role in determining the cost of importing or exporting Lima beans.
Quantity Unit: Kilograms (KG)
The quantity unit for HS code 07102215 is kilograms. This means that the weight of Lima beans traded is measured in kilograms. It is important for buyers and sellers to have a clear understanding of the quantity unit to ensure accurate pricing and logistics.
Special Tariff Preference Programs:
These special tariff preference programs provide certain benefits or exemptions for the import or export of frozen Lima beans. For example, under the Generalized System of Preferences (GSP), the duty treatment is duty-free. Similarly, certain countries such as Australia, Bahrain, Canada (under NAFTA), Chile, and Israel have special rates or duty-free treatment for frozen Lima beans.
Importing US States and Exporting US States:
The HS code 07102215 is used to track the import and export of frozen Lima beans in the United States. Importing US states and exporting US states refer to the specific states within the United States that are involved in the trade of frozen Lima beans. The data for these states may vary and depend on the import and export activities of the product.
the HS code 07102215 is assigned to frozen Lima beans in international trade. It provides detailed information about the product description, duty rates, quantity unit, and special tariff preference programs. Importers and exporters of frozen Lima beans can utilize this code to ensure compliance with regulations and take advantage of special tariff programs to enhance their trade activities.