The HS Code 08030040 refers to dried plantains, a popular agricultural product that is traded internationally. In this article, we will explore the details of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs.
Plantains, dried, are classified under HS Code 08030040. Plantains are a type of banana that is larger and starchier than the common dessert banana. When plantains are dried, they become a versatile ingredient used in various culinary applications. Dried plantains can be consumed as a snack or used in the preparation of different dishes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 08030040 is 1.4%. 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 1.4% duty rate is applied to the import of dried plantains from any country.
The quantity unit for HS Code 08030040 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported dried plantains.
Several special tariff preference programs are applicable to HS Code 08030040. These programs provide preferential treatment in terms of duty rates for specific countries. The following are the special tariff preference programs available for dried plantains:
These special tariff preference programs enable certain countries to import dried plantains at reduced or duty-free rates, promoting trade agreements and economic cooperation.
The HS Code 08030040 allows dried plantains to be imported into various states in the United States. Importers can bring dried plantains into any state within the US territory, subject to compliance with relevant customs regulations and import requirements.
Similarly, the HS Code 08030040 permits dried plantains to be exported from various states in the United States. Exporters from any state within the US can ship dried plantains to international markets, contributing to global trade and economic development.
HS Code 08030040 represents dried plantains, a versatile agricultural product traded globally. The code encompasses product description, duty rates, quantity unit, and special tariff preference programs. Understanding these details helps importers, exporters, and traders navigate the international market for dried plantains with ease.