HS Code 20098040: Prune Juice, Concentrated or Not Concentrated
Prune juice is a popular and nutritious beverage that is enjoyed by many people around the world. It is made from the juice of prunes, which are dried plums. Prune juice can be consumed as a concentrated or not concentrated form, providing a convenient way to enjoy the benefits of prunes.
HS Code 20098040 specifically refers to prune juice, whether it is concentrated or not concentrated. This code is used by customs authorities to classify and track the import and export of this particular product. It is important for businesses and individuals involved in the international trade of prune juice to be familiar with this HS code.
The bound and MFN duty rate for HS Code 20098040 is 0.64 cents per liter. This means that whenever a country lowers a trade barrier or opens up a market, it must do so for prune juice from all its trading partners. This duty rate serves as a tariff that may be applied to the import or export of prune juice.
The quantity unit for HS Code 20098040 is liters (L). This unit of measurement is used to determine the volume of prune juice being imported or exported. It is important for businesses to accurately measure and report the quantity of prune juice to comply with customs regulations.
There are also special tariff preference programs that apply to HS Code 20098040. These programs provide certain countries with preferential treatment or exemptions from import duties. For example, imports from least-developed beneficiary developing countries under this HS code are eligible for duty-free treatment.
Other special tariff preference programs that apply to HS Code 20098040 include Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate.
It is important for businesses involved in the import and export of prune juice to be aware of these special tariff preference programs and take advantage of any applicable benefits. This can help reduce import costs and make the product more competitive in the global market.
In terms of importing, the data indicates that the state of Delaware in the United States is involved in the import of prune juice. This information can be useful for businesses looking to target specific markets for their prune juice products.
Overall, HS Code 20098040 plays a crucial role in the international trade of prune juice. It helps classify and track the import and export of this product, and businesses need to be familiar with this code to comply with customs regulations. The special tariff preference programs associated with this HS code can also provide opportunities for businesses to reduce import costs and expand their market reach.
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