HS Code 07102237: Frozen Beans Nesi, Not Reduced in Size
The HS Code 07102237 refers to frozen beans nesi that have not been reduced in size. This code is used to classify and identify this specific type of product in international trade. Understanding the HS code is crucial for importers, exporters, and customs officials as it helps in determining the applicable duty rates and special tariff preference programs.
Frozen beans nesi are a popular ingredient in various cuisines around the world. They are known for their nutritional value and versatility in cooking. The freezing process helps in preserving the quality and taste of the beans, making them available all year round.
The quantity unit for this product is kilograms (KG), which is the standard unit of measurement for international trade. It allows for easy calculation and comparison of quantities across different countries and trading partners.
Now let's take a closer look at the duty rates and special tariff preference programs associated with HS Code 07102237:
Duty Rates
The bound / MFN (Most Favored Nation) duty rate for frozen beans nesi is 4.9 cents/kg. This 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. The duty rate is applied per kilogram of the imported product.
Special Tariff Preference Programs
Several special tariff preference programs are available for imports of frozen beans nesi under HS Code 07102237. These programs provide certain countries with preferential treatment in terms of duty rates. Let's explore some of these programs:
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Free: Imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment. This allows for the promotion of economic growth and development in these countries.
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Bahrain Special Rate: Imports from Bahrain receive duty-free treatment under this special tariff preference program.
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NAFTA for Canada: Imports from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
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Chile Special Rate: Imports from Chile receive duty-free treatment under this special tariff preference program.
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Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries receive duty-free treatment under this program, promoting trade and economic development in the region.
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Caribbean Basin Initiative (CBI): Imports from eligible Caribbean countries receive duty-free treatment under this program.
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Israel Special Rate: Imports from Israel receive duty-free treatment under this special tariff preference program.
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Andean Trade Preference Act (ATPA): Imports from eligible Andean countries receive duty-free treatment under this program, fostering trade and economic cooperation.
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Jordan Special Rate: Imports from Jordan receive duty-free treatment under this special tariff preference program.
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Morocco Special Rate: Imports from Morocco receive duty-free treatment under this special tariff preference program.
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NAFTA for Mexico: Imports from Mexico receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
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Oman Special Rate: Imports from Oman receive duty-free treatment under this special tariff preference program.
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Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible countries in the Dominican Republic-Central American Free Trade Agreement receive duty-free treatment under this program.
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Peru Special Rate: Imports from Peru receive duty-free treatment under this special tariff preference program.
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Singapore Special Rate: Imports from Singapore receive duty-free treatment under this special tariff preference program.
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Australia Special Rate: Imports from Australia receive duty treatment of 1.2?/kg under this special tariff preference program.
It is important for traders to be aware of these special tariff preference programs to take advantage of preferential duty rates and promote trade between eligible countries. The different rates and programs aim to facilitate economic cooperation, promote fair trade practices, and support the development of less-developed countries.
By understanding the HS Code 07102237 and its associated duty rates and special tariff preference programs, importers and exporters can make informed decisions, ensure compliance with customs regulations, and explore opportunities for expanding their international trade activities.
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