When it comes to international trade, it is essential to have a standardized system in place to classify goods and products. The Harmonized System (HS) Code is a globally recognized system used for this purpose. In this article, we will delve into the details of HS Code 16041240, which pertains to herrings in tomato sauce.
Product Description:
HS Code 16041240 refers to herrings that are whole or in pieces, but not minced. These herrings are typically found in tomato sauce and can be either smoked or kippered. Additionally, the immediate containers holding these herrings must weigh over 0.45 kg each.
Bound / MFN Duty Rate:
When it comes to the duty rate for HS Code 16041240, it is important to note that it is free. This means that no duties or tariffs are imposed on the import or export of these herrings. This is in line with the principle of non-discrimination, wherein countries must apply the same trade barriers or market openings for all their trading partners.
Quantity Unit:
The quantity unit for HS Code 16041240 is kilograms (KG). This means that the weight of the herrings, including the tomato sauce and the container, is measured in kilograms.
Special Tariff Preference Programs:
Under certain circumstances, special tariff preference programs may be applicable to imports or exports of herrings in tomato sauce under HS Code 16041240. These programs provide preferential treatment in terms of duty rates. In this case, the following special tariff preference programs apply:
Importing and Exporting US States:
When considering the trade of herrings in tomato sauce under HS Code 16041240, it is worth noting that the importing US state is South Dakota. This means that South Dakota is the primary destination for these products. On the other hand, the exporting US state is Maine, indicating that Maine is the primary source of these herrings.
HS Code 16041240 encompasses herrings in tomato sauce, whether smoked or kippered, and whether in whole or in pieces. The code provides valuable information about the product, including its description, duty rates, quantity unit, and applicable tariff preference programs. Understanding the HS Code is crucial for international trade, as it ensures standardized classification and facilitates smooth transactions between countries.