The HS Code 20079905 refers to lingonberry and raspberry jams. This code is used to classify and identify these specific products in international trade. Understanding this code is important for importers and exporters to ensure compliance with customs regulations and to determine the applicable duties and tariff preferences.
The bound or MFN (Most Favored Nation) duty rate for HS Code 20079905 is 1.8%. 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 lingonberry and raspberry jams being imported or exported.
The quantity unit for HS Code 20079905 is kilograms (KG). This unit is used to measure the weight of the lingonberry and raspberry jams being traded. It is important for importers and exporters to accurately report the quantity of goods to customs authorities for proper customs valuation and documentation.
There are also special tariff preference programs available for lingonberry and raspberry jams under HS Code 20079905. These programs provide certain countries with preferential treatment, including duty-free access to the US market. The countries eligible for these programs include:
These special tariff preference programs aim to promote trade and economic development between the US and these countries by reducing or eliminating import duties on specific products, such as lingonberry and raspberry jams.
When importing or exporting lingonberry and raspberry jams under HS Code 20079905, it is essential to comply with the customs regulations and requirements of both the importing and exporting countries. This includes proper documentation, accurate reporting of quantity and value, and adherence to any applicable duty rates or tariff preferences.
HS Code 20079905 is used to classify and identify lingonberry and raspberry jams in international trade. Importers and exporters of these products need to understand this code to ensure compliance with customs regulations and to take advantage of any available duty-free or preferential treatment programs.