The HS code 08024000 refers to chestnuts, whether they are fresh or dried, and whether they are shelled or in their shells. This code is used to classify and identify these particular chestnut products for international trade purposes.
When importing chestnuts with this HS code, the quantity unit is measured in kilograms (KG). This means that the weight of the chestnuts being imported or exported will be measured in kilograms.
One important aspect to note about this HS code is the bound or MFN (Most Favored Nation) duty rate. The bound duty rate indicates the maximum tariff that can be applied to the imported goods. In the case of HS code 08024000, the bound duty rate is free. This means that no tariff or duty is imposed on the importation of chestnuts classified under this HS code.
In addition to the bound duty rate, there are also special tariff preference programs associated with this HS code. These programs provide specific benefits or exemptions for certain countries. For HS code 08024000, the following countries enjoy special tariff preference programs:
Each of these countries is granted specific benefits or exemptions when importing chestnuts under this HS code. For example, imports from least-developed beneficiary developing countries eligible for GSP under that subheading receive duty-free treatment. Additionally, there are special rates for countries like Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Dominican Republic-Central America (under DR-CAFTA), Peru, and Singapore.
When it comes to the importing and exporting of chestnuts classified under HS code 08024000, it is important to consider the specific states involved. In the United States, the following states are known for importing chestnuts:
These states have a demand for chestnuts and actively import them from other countries. On the other hand, the state of California is known for its exports of chestnuts. California is a major producer and exporter of chestnuts, contributing to the international trade of this product.
the HS code 08024000 is used to classify chestnuts, whether fresh or dried, and whether they are shelled or in their shells. Importing countries enjoy benefits such as duty-free treatment and special rates, depending on the specific special tariff preference programs they are eligible for. The states of New Jersey and Virginia are known for importing chestnuts, while California is a major exporter.