When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) provides a universally recognized code for products, allowing for easy identification and classification. One such HS code is 18063218, which pertains to chocolate that is not filled and contains 21% or more milk solids. This article will provide a comprehensive overview of HS Code 18063218, including its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 18063218 refers to chocolate that is not filled and contains 21% or more milk solids. This chocolate is typically found in the form of blocks, slabs, or bars, with a maximum weight of 2 kilograms. The product description is important for customs officials and traders to accurately identify and classify the chocolate during import and export processes.
The bound duty rate for HS Code 18063218 is 52.8 cents per kilogram, with an additional 4.3% duty applied. It is important to note that duty rates may vary depending on the country and any applicable trade agreements. Additionally, 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 ensures fair trade practices and equal treatment of all countries involved.
The quantity unit for HS Code 18063218 is kilograms (KG). This unit of measurement is used to determine the weight of the chocolate being imported or exported. It is essential for accurate record-keeping and calculation of duty rates.
HS Code 18063218 may be eligible for special tariff preference programs in certain countries. These programs aim to promote trade and provide preferential treatment to specific goods. Here are some examples of special tariff preference programs applicable to HS Code 18063218:
These special tariff preference programs provide opportunities for cost savings and increased market access for traders of HS Code 18063218 chocolate.
While HS Code 18063218 is used for international trade, it is also relevant for domestic trade within the United States. Importing and exporting US states play a crucial role in the distribution of goods. In the case of HS Code 18063218 chocolate, the data shows that Vermont is both an importing and exporting state. This information can be valuable for businesses looking to establish trade partnerships or identify potential markets within the United States.
Overall, HS Code 18063218 provides a standardized classification for chocolate that is not filled and contains 21% or more milk solids. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for successful international trade. Whether you are an importer, exporter, or involved in domestic trade, HS Code 18063218 plays a crucial role in facilitating global commerce.