Sugar syrups, artificial honey, and caramel are common ingredients in various food products and beverages. These products fall under the HS Code 17029052, which provides a standardized classification for international trade. In this article, we will explore the details of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs.
Product Description:
The HS Code 17029052 covers sugar syrups, artificial honey, caramel, and other similar products not elsewhere specified. This classification is subject to General Note 15 of the Harmonized Tariff Schedule (HTS), which provides additional information and guidelines for the import and export of these goods.
Duty Rates:
The bound or Most Favored Nation (MFN) duty rate for HS Code 17029052 is 6%. The MFN duty rate ensures that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal trade practices among nations.
Quantity Unit:
The quantity unit for HS Code 17029052 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported products. It helps in calculating the quantity of goods being traded and is essential for customs clearance and documentation purposes.
Special Tariff Preference Programs:
Several special tariff preference programs are available for products classified under HS Code 17029052. These programs aim to promote trade and economic cooperation between countries by offering preferential treatment in terms of duty rates. The following countries have special tariff preference programs for the import of sugar syrups, artificial honey, and caramel:
Importing and Exporting US States:
HS Code 17029052 is applicable to both importing and exporting US states. It means that these products can be imported into and exported from any state within the United States. This classification ensures that the trade of sugar syrups, artificial honey, and caramel is consistent and regulated throughout the country.
HS Code 17029052 provides a comprehensive classification for sugar syrups, artificial honey, and caramel in international trade. It includes a detailed product description, duty rates, quantity unit, and information about special tariff preference programs. Understanding the HS Code is crucial for importers, exporters, and customs authorities to facilitate smooth and compliant trade operations.