Apricot pulp, otherwise prepared or preserved, nesi, falls under HS Code 20085020. This article aims to provide an extensive overview of the product, including its description, duty rates, quantity unit, and special tariff preference programs. Understanding the HS Code is crucial for importers, exporters, and policymakers as it helps in classifying and regulating international trade.
HS Code 20085020 refers to apricot pulp that has been prepared or preserved in some form. It includes various preparations and preservation methods, such as canning, freezing, or drying. The specific details of these preparations or preservation methods are not mentioned in the given data. However, it is important to note that this HS Code covers a broad range of apricot pulp products.
The bound / most-favored-nation (MFN) duty rate for HS Code 20085020 is 10%. The MFN principle ensures that every time a country lowers a trade barrier or opens up a market, it must apply the same treatment to all its trading partners for the same goods or services. This means that regardless of the country of origin, apricot pulp falling under this HS Code will be subject to a 10% duty rate.
Apricot pulp is measured in kilograms (KG) as the quantity unit. This measurement is commonly used in international trade to accurately quantify the volume of goods being imported or exported.
HS Code 20085020 is eligible for various special tariff preference programs that offer reduced or duty-free rates for specific countries. The following are the special tariff preference programs applicable to this HS Code:
It is important to note that some countries are excluded from the Generalized System of Preferences (GSP) eligibility for this HTS subheading and do not receive duty-free treatment. However, Bahrain, Canada (under NAFTA), Israel, Jordan, Morocco, Oman, the Dominican Republic, Central America (under DR-CAFTA), Peru, and Singapore all have special rates or duty-free treatment for apricot pulp.
The data provided does not specify the importing and exporting US states for apricot pulp falling under HS Code 20085020. The list of states involved in the import and export of this product may vary depending on the trade activities and market demand for apricot pulp.
HS Code 20085020 encompasses various preparations and preservation methods of apricot pulp. It is subject to a 10% duty rate under the MFN principle. However, several countries enjoy duty-free treatment or special rates under specific tariff preference programs. Importers and exporters should be aware of these programs to take advantage of reduced duties and explore potential market opportunities.