The HS Code 12092300 refers to Fescue seed of a kind used for sowing. This code is used in international trade to classify and identify this specific product. Understanding the HS code is essential for importers and exporters as it helps in determining the duty rates, quantity units, and special tariff preference programs associated with the product.
When importing or exporting Fescue seed, it is important to be aware of the duty rates. The bound / MFN (Most Favored Nation) duty rate for this product is free. This means that there are no tariffs or duties imposed on the import or export of Fescue seed. This free duty rate applies every time a country lowers a trade barrier or opens up a market, ensuring equal treatment for all trading partners.
The quantity unit used for Fescue seed is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported product.
Additionally, there are special tariff preference programs that offer free or reduced duty rates for Fescue seed. These programs include:
These special tariff preference programs provide duty-free treatment for imports from specific countries or regions. For example, imports from least-developed beneficiary developing countries are eligible for GSP (Generalized System of Preferences) under that subheading, which grants them duty-free treatment. Other programs, such as NAFTA (North American Free Trade Agreement), Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and more, also offer duty-free treatment for Fescue seed imports.
Importing data reveals that Fescue seed under HS code 12092300 is primarily imported by the following US states:
These states are actively involved in importing Fescue seed for sowing purposes.
On the other hand, the main US states involved in exporting Fescue seed are:
These states are known for their production and export of Fescue seed.
the HS Code 12092300 represents Fescue seed used for sowing. Importers and exporters should be aware of the duty rates, quantity units, and special tariff preference programs associated with this product. Understanding the HS code is crucial for smooth international trade and compliance with import and export regulations.