Margarine, a popular alternative to butter, has become a staple in households around the world. It is a versatile product used in baking, cooking, and spreading on bread. For those involved in the import and export of margarine, understanding the HS code 15171000 is essential. In this article, we will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code.
The HS code 15171000 specifically refers to margarine, excluding liquid margarine. This means that any product falling under this code must meet the criteria of being a solid or semi-solid form of margarine. Liquid margarine, on the other hand, falls under a different HS code classification.
The bound or most-favored-nation (MFN) duty rate for margarine under HS code 15171000 is 12.3 cents per kilogram. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that any changes in trade regulations apply equally to all trading partners.
The quantity unit for margarine import and export under HS code 15171000 is kilograms (KG). This means that the weight of the product is measured in kilograms for customs and trade purposes. It is important to accurately declare the quantity of margarine being imported or exported to comply with regulations.
Several special tariff preference programs exist for margarine imports under HS code 15171000. These programs aim to promote trade and economic development by providing preferential treatment to certain countries. Here are the details of some of these programs:
These special tariff preference programs provide varying levels of duty-free or reduced-duty treatment depending on the country of origin. Importers and exporters should be aware of the specific requirements and conditions associated with each program.
Understanding the HS code 15171000 and its associated details is crucial for anyone involved in the import and export of margarine. By being aware of the product description, duty rates, quantity units, and special tariff preference programs, importers and exporters can navigate the international trade landscape more effectively and efficiently.