The HS Code 22029010 refers to a specific product: chocolate milk drink. This code is used internationally to classify and categorize products for import and export purposes. Understanding the HS code is important for businesses involved in international trade as it helps in determining the applicable customs duties and tariffs.
The product description for HS Code 22029010 is chocolate milk drink. This includes any beverage that combines milk with chocolate flavoring, providing a tasty and nutritious option for consumers.
When it comes to trade barriers and market access, the bound or most-favored-nation (MFN) duty rate for HS Code 22029010 is 17%. This means that every country must apply this duty rate when importing or exporting chocolate milk drink, ensuring fairness and equal treatment for all trading partners.
The quantity unit for HS Code 22029010 is liters (L). This measurement is used to determine the volume of chocolate milk drink being imported or exported.
Special tariff preference programs can also affect the duty rate for HS Code 22029010. In some cases, certain countries may enjoy preferential treatment or reduced duty rates. Here are the details:
HS Code 22029010 is imported into several US states, including Georgia, Vermont, Virgin Islands, and Virginia. These states have a demand for chocolate milk drink and import it from various sources.
On the other hand, HS Code 22029010 is exported from various US states, including Arkansas, California, Connecticut, Missouri, North Carolina, Utah, Wisconsin, and Hawaii. These states produce and export chocolate milk drink to meet the demand of international markets.
HS Code 22029010 represents chocolate milk drink for import and export purposes. Understanding this code helps businesses navigate customs duties, tariffs, and preferential treatment programs. It is important for both importers and exporters to be aware of the applicable duty rates and the specific requirements of the countries involved in the trade.