Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 16041470: Bonito (Sarda spp.), in oil

When it comes to international trade, it is essential to have a standardized system for classifying goods. This is where the Harmonized System (HS) codes come into play. HS codes are used worldwide to classify and identify products for customs and statistical purposes. In this article, we will delve into the HS code 16041470, which pertains to Bonito (Sarda spp.) in oil.

Product Description:

The HS code 16041470 specifically refers to Bonito (Sarda spp.) preserved in oil. Bonito, a type of fish, is known for its firm flesh and rich flavor. It is commonly used in various cuisines and can be found in different forms such as fresh, frozen, canned, or preserved in oil.

Bound / MFN Duty Rate:

The bound / most-favored-nation (MFN) duty rate for HS code 16041470 is 4.9%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market, ensuring that the same goods or services receive fair treatment from all trading partners.

Quantity Unit:

The quantity unit for HS code 16041470 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported Bonito in oil.

Special Tariff Preference Programs:

Several special tariff preference programs exist for HS code 16041470, offering certain countries preferential treatment. These programs include:

• Free Trade Agreement (FTA) Countries: Imports from Australia, Canada (under NAFTA), Chile, Dominican Republic-Central America (DR-CAFTA), Israel, Jordan, Mexico (under NAFTA), Morocco, Oman, Peru, Singapore, and South Korea (under KORUS) enjoy duty-free treatment.
• Least-Developed Beneficiary Developing Countries: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under this HS code receive duty-free treatment.
• Africa Growth and Opportunity Act (AGOA): Bonito imports from eligible AGOA countries receive duty-free treatment.
• Caribbean Basin Initiative (CBI): Bonito imports from CBI beneficiary countries receive duty-free treatment.
• Andean Trade Preference Act (ATPA): Bonito imports from ATPA beneficiary countries receive duty-free treatment.

Importing US States:

While the HS code 16041470 applies to imports into the United States, the specific importing states are not mentioned. However, it is worth noting that this code is applicable to all states across the country, including South Dakota, Maine, and others.

Exporting US States:

Similarly, the exporting US states for Bonito (Sarda spp.) in oil are not explicitly listed for HS code 16041470. However, it is crucial to recognize that the United States is a significant exporter of various seafood products, including Bonito.

HS code 16041470 plays a crucial role in international trade by accurately classifying and identifying Bonito (Sarda spp.) preserved in oil. Understanding this HS code is essential for importers, exporters, customs officials, and other stakeholders involved in the global seafood trade.