The HS Code 16041480 refers to a specific product category, which in this case is Bonito (Sarda spp.), not in oil. The HS code is a standardized system for classifying and identifying products in international trade. It is used by customs authorities around the world to determine the appropriate duties and regulations for imported and exported goods.
Bonito, also known as Sarda spp., is a type of fish that is commonly consumed in various cuisines. It is highly valued for its flavor and nutritional benefits. The product description specifies that it should be "not in oil," indicating that it is typically sold in a different form, such as fresh, frozen, or dried.
When importing or exporting Bonito under HS Code 16041480, it is essential to be aware of the associated duty rates. The bound or most-favored-nation (MFN) duty rate for this product is 6%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate is applied to the value of the imported or exported Bonito and is subject to change based on trade agreements and regulations.
The quantity unit used for Bonito under HS Code 16041480 is kilograms (KG). This means that the weight of the product is measured in kilograms for the purpose of calculating duties, pricing, and other trade-related activities.
Additionally, there are various special tariff preference programs that may apply to the import or export of Bonito under HS Code 16041480. These programs provide certain countries with preferential treatment, including duty-free access or reduced duty rates. Some of the special tariff preference programs applicable to Bonito include:
These special tariff preference programs aim to promote trade and economic development by offering favorable conditions for certain countries or regions. Importers and exporters of Bonito under HS Code 16041480 should carefully review the eligibility criteria and requirements for each program to determine if they can benefit from any of these special rates or exemptions.
When it comes to importing Bonito under HS Code 16041480, it is important to consider the specific regulations and requirements of the importing and exporting US states. Different states may have additional regulations or restrictions on the import or export of certain products, including Bonito. It is crucial to comply with all relevant laws and regulations to ensure smooth customs clearance and trade operations.
HS Code 16041480 represents Bonito (Sarda spp.), not in oil. This code is used for classifying and identifying the product in international trade. Importers and exporters should be aware of the associated duty rates, quantity unit, and any special tariff preference programs that may apply. Understanding the specific regulations of importing and exporting US states is also essential for successful trade operations. By staying informed and compliant, businesses can effectively navigate the international trade landscape and take advantage of the opportunities presented by Bonito under HS Code 16041480.