Rice flour, classified under HS Code 11029025, is a versatile ingredient that has gained popularity in various cuisines across the globe. From gluten-free baking to thickening sauces, this article will delve into the details of rice flour, its uses, and the tariff preferences associated with its import and export.
Rice flour, as the name suggests, is a fine powder made from milled rice grains. It is produced by grinding raw rice or parboiled rice into a smooth texture. Rice flour can be further categorized based on the type of rice used, such as white rice flour or brown rice flour. The versatile nature of this flour makes it an essential ingredient in many culinary applications.
The Harmonized System (HS) Code 11029025 is a unique code assigned to rice flour by international customs organizations. This code helps in the standardized classification of goods for customs, trade, and statistical purposes. By using HS codes, countries can efficiently track the import and export of specific products, like rice flour, and determine duty rates and trade preferences.
The bound or most-favored-nation (MFN) duty rate for rice flour under HS Code 11029025 is 0.09 cents per kilogram. The MFN duty rate is applicable when a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners. This duty rate provides transparency and fairness in international trade.
The quantity unit for rice flour, as specified under HS Code 11029025, is kilograms (KG). This unit of measurement is universally recognized and used to quantify the import and export of rice flour in international trade transactions.
Rice flour enjoys several special tariff preference programs, providing favorable trade conditions for importers and exporters. These programs include:
Rice flour imported under HS Code 11029025 is distributed to various states in the United States. Some of the major importing states include Arkansas, which has a significant demand for rice flour due to its thriving food processing industry.
On the other hand, the United States also exports rice flour to different countries worldwide. The HS Code 11029025 enables exporters to classify their shipments accurately and facilitate international trade in rice flour.
rice flour classified under HS Code 11029025 is a widely used ingredient in various culinary applications. Its versatile nature, coupled with the benefits of special tariff preference programs, make it an essential product in international trade. By understanding the HS code and associated trade preferences, importers and exporters can navigate the global market efficiently and contribute to the growth of the rice flour industry.