The HS Code 21012020 refers to extracts, essences, or concentrates of tea or mate. This code is used to classify and track the import and export of these products globally. In this article, we will explore the product description, tariff rates, quantity unit, and special tariff preference programs related to HS Code 21012020.
The product description for HS Code 21012020 is extracts, essences, or concentrates of tea or mate. This includes various forms of processed tea or mate, such as powders, liquids, or other concentrated forms. These products are typically used for further processing or as flavoring agents in the food and beverage industry.
The bound / MFN (Most Favored Nation) duty rate for HS Code 21012020 is free. This means that there are no import duties or tariffs imposed on these products when traded between countries. The MFN principle ensures 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 for HS Code 21012020 is kilograms (KG). This unit of measurement is used to quantify the weight of the extracts, essences, or concentrates of tea or mate being imported or exported.
Several special tariff preference programs are applicable to HS Code 21012020. These programs provide certain countries with preferential treatment in terms of reduced or duty-free tariffs. The following are the special tariff preference programs and the corresponding tariff rates:
The HS Code 21012020 applies to import and export transactions involving extracts, essences, or concentrates of tea or mate in the United States. The specific states involved in importing or exporting these products may vary depending on market demand and trade relationships. However, major tea-consuming states such as California, New York, Texas, and Illinois are likely to be significant importers, while tea-producing states such as South Carolina, Hawaii, and Washington may be prominent exporters.
HS Code 21012020 represents extracts, essences, or concentrates of tea or mate. This code is used for classification, tracking, and regulation of these products in international trade. With its free bound / MFN duty rate and various special tariff preference programs, the import and export of extracts, essences, or concentrates of tea or mate are facilitated and encouraged among countries worldwide.