In international trade, the Harmonized System (HS) Code is a standardized system used to classify and identify products. Each product is assigned a unique HS Code, which helps to simplify trade transactions and ensure consistency across countries. In this article, we will explore the HS Code 11031912, which is specifically related to groats and meal of oats.
Product Description: Groats and meal of oats
When it comes to agricultural products, oats are an essential grain that is widely consumed and traded globally. Oats are known for their nutritional value and versatility, making them a popular choice for both human consumption and livestock feed. The HS Code 11031912 specifically covers groats and meal made from oats.
Bound / MFN Duty Rate: 0.8 cents/kg
The bound or Most Favored Nation (MFN) duty rate for products classified under HS Code 11031912 is 0.8 cents per kilogram. The MFN duty rate is applicable whenever a country lowers a trade barrier or opens up a market, ensuring that the same goods or services receive equal treatment from all trading partners.
Quantity Unit: Kilograms (KG)
The quantity unit for HS Code 11031912 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight or volume of goods being imported or exported.
Special Tariff Preference Programs: Free (A, AU, BH, CA, CL, E, IL, J, JO, MA, MX, OM, P, PE, SG)
Under various special tariff preference programs, importers and exporters of products classified under HS Code 11031912 may be eligible for free or preferential duty rates. The countries included in this program are:
These special tariff preference programs aim to promote trade and provide incentives for certain countries to import and export specific goods, such as groats and meal of oats. Importers and exporters should familiarize themselves with the specific requirements and eligibility criteria of each program to take advantage of these preferential rates.
Importing US States: Arkansas
When it comes to importing products classified under HS Code 11031912 into the United States, one of the key states involved is Arkansas. Arkansas is known for its agricultural industry and plays a significant role in the importation of groats and meal of oats.
Exporting US States: Arkansas
Similarly, Arkansas is also an important state when it comes to exporting groats and meal of oats classified under HS Code 11031912 from the United States. The state's favorable climate and agricultural resources make it a significant contributor to the global oat trade.
the HS Code 11031912 relates to groats and meal of oats, which are essential agricultural products traded worldwide. Understanding the HS Code and its associated details, such as the duty rate, quantity unit, and special tariff preference programs, is crucial for importers and exporters to navigate international trade successfully. By leveraging the benefits of preferential trade programs and identifying key import and export states, businesses can optimize their operations and capitalize on the opportunities presented by this HS Code.