Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 10062020: Basmati Rice, Husked

Basmati rice is a popular variety of rice known for its unique fragrance and long grains. It is widely consumed and exported around the world. In this article, we will explore the HS Code 10062020, which specifically refers to husked Basmati rice.

The HS Code, also known as the Harmonized System Code, is an internationally recognized system for classifying and identifying products in international trade. It is used by customs authorities to determine the appropriate duty rates, regulations, and restrictions for imported and exported goods.

HS Code 10062020 specifically identifies Basmati rice that has been husked. Husking is the process of removing the outer husk or shell from the rice grains, resulting in a polished appearance.

When it comes to the duty rates for Basmati rice, countries may apply different rates depending on their trade policies. The bound or Most Favored Nation (MFN) duty rate for HS Code 10062020 is 0.83 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 quantity unit for HS Code 10062020 is kilograms (KG). This is the standard unit of measurement used to determine the weight of Basmati rice being imported or exported.

There are also special tariff preference programs that offer different duty rates for Basmati rice under HS Code 10062020. These programs provide certain countries with preferential treatment or exemptions from regular duty rates. Some of the notable programs include:

• A+ program: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under this subheading receive duty-free treatment.
• Australia Special Rate: Australia applies a special duty rate for Basmati rice imports under this program.
• Bahrain Special Rate: Bahrain offers a special duty rate for Basmati rice imports.
• NAFTA for Canada: Basmati rice imports from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Chile provides a special duty rate for Basmati rice imports.
• Africa Growth and Opportunity Act (AGOA): Basmati rice imports from eligible African countries receive duty-free treatment under this program.
• Caribbean Basin Initiative (CBI): Basmati rice imports from eligible Caribbean countries receive duty-free treatment under this program.
• Israel Special Rate: Israel offers a special duty rate for Basmati rice imports.
• Andean Trade Preference Act (ATPA): Basmati rice imports from eligible Andean countries receive duty-free treatment under this program.
• Jordan Special Rate: Jordan provides a special duty rate for Basmati rice imports.
• Morocco Special Rate: Morocco offers a special duty rate for Basmati rice imports.
• NAFTA for Mexico: Basmati rice imports from Mexico receive duty-free treatment under NAFTA.
• Oman Special Rate: Oman applies a special duty rate for Basmati rice imports.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Basmati rice imports from eligible DR-CAFTA countries receive duty-free treatment under this program.
• Peru Special Rate: Peru offers a special duty rate for Basmati rice imports.
• Singapore Special Rate: Singapore applies a special duty rate for Basmati rice imports.

It is important for importers and exporters of Basmati rice to be aware of these special tariff preference programs, as they can significantly impact the cost and competitiveness of the product in different markets.

HS Code 10062020 refers to husked Basmati rice. Understanding the HS Code and the associated duty rates and tariff preference programs is crucial for importers and exporters to navigate the international trade of Basmati rice effectively.