The HS Code 20057060 refers to olives that are not green, preserved in a saline solution, and sold in cans after being pitted. This code is used to classify these specific olives for international trade purposes. Understanding the HS code is crucial for importers, exporters, and customs officials as it helps in identifying the specific product being traded.
When it comes to tariffs, the bound or most-favored-nation (MFN) duty rate for Olives (not green), in a saline solution, canned, pitted is 10.1 cents/kg on drained weight. The term "bound" refers to the maximum rate agreed upon by a country as a member of the World Trade Organization (WTO). This means that the country cannot impose a higher tariff on this product. It is important to note 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.
The quantity unit used for Olives (not green), in a saline solution, canned, pitted is kilograms (KG). This unit of measurement is universally recognized and allows for accurate trade calculations and documentation.
There are also special tariff preference programs available for this product. Under these programs, certain countries may enjoy preferential treatment, including duty-free or reduced tariff rates. Here are some of the special tariff preference programs applicable to Olives (not green), in a saline solution, canned, pitted:
When it comes to importing this product into the United States, the Virgin Islands is the specified location. On the other hand, the exporting states are Oregon and Washington. These details are important for traders and customs authorities to ensure accurate documentation and tracking of the product's journey.
HS Code 20057060 represents Olives (not green), in a saline solution, canned, pitted. This code helps in classifying the product for international trade purposes. Understanding the specific HS code, tariff rates, and special tariff preference programs is crucial for importers, exporters, and customs officials. Proper documentation and compliance with trade regulations are essential for smooth and efficient trade operations.