Blended syrups are a versatile and delicious product that falls under the HS Code 17029054. In this comprehensive article, we will explore the various aspects of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs. So, let's dive right in!
Blended syrups, as described in additional US note 4 to chapter 17, are classified under this HS Code. The term "nesoi" stands for "not elsewhere specified or included." This means that the code covers all blended syrups that do not have a specific classification under other HS Codes in chapter 17.
It is important to note that blended syrups under this HS Code are subject to additional US note 9 to Chapter 17. This note may contain specific regulations or requirements for the importation or exportation of blended syrups, such as labeling or quality standards.
The bound / MFN (Most Favored Nation) duty rate for blended syrups under HS Code 17029054 is 6%. The MFN duty rate ensures that every time 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 treatment in international trade.
It is worth mentioning that duty rates may vary for specific countries or trade agreements. Importers and exporters should always consult the customs authorities or trade agreements of the respective countries to determine the applicable duty rates for blended syrups.
The quantity unit for measuring blended syrups under HS Code 17029054 is kilograms (KG). This unit of measurement ensures standardized and consistent measurement of the product's weight during importation or exportation.
When dealing with blended syrups, it is crucial to accurately measure the quantity in kilograms to comply with customs regulations and facilitate international trade.
Blended syrups under HS Code 17029054 may be eligible for special tariff preference programs. Currently, two such programs are in place:
Under these special tariff preference programs, blended syrups imported from Oman or Peru may enjoy a duty-free rate. This means that importers from these countries can benefit from reduced costs when bringing blended syrups into the United States.
It is important to note that eligibility for these special rates may be subject to specific criteria or conditions. Importers should consult the relevant trade agreements or customs authorities to ensure compliance with the requirements.
Blended syrups under HS Code 17029054 can be imported into any state within the United States. Similarly, they can be exported from any state within the country. This means that importers and exporters have the flexibility to conduct trade in blended syrups from and to any state in the United States.
Whether you are an importer or exporter, understanding the regulations and requirements related to blended syrups under HS Code 17029054 is essential for smooth and compliant international trade. By staying informed about the product description, duty rates, quantity unit, and special tariff preference programs, you can navigate the import and export process efficiently.
HS Code 17029054 covers blended syrups that do not have a specific classification under other HS Codes in chapter 17. The duty rate for these syrups is 6%, and the quantity unit for measurement is kilograms (KG). Importers and exporters may also benefit from special tariff preference programs, such as the Oman Special Rate and Peru Special Rate. By adhering to the regulations and requirements associated with this HS Code, businesses can enjoy seamless trade in blended syrups.