The HS Code 99041710 refers to sugars, syrups, and molasses that are imported and exported between different countries. In this article, we will explore the details of this HS Code, including the product description, duty rates, quantity unit, and special tariff preference programs.
Under the HS Code 99041710, the product description includes sugars, syrups, and molasses. These items fall under specific subheadings, such as 1701.12.50, 1701.91.30, 1701.99.50, and more. The inclusion of different subheadings indicates the various types or varieties of sugars, syrups, and molasses that are traded internationally.
It is important to note that these products are entered in a value safeguard period, and their value ranges from $0.10 to $0.149 per kilogram (kg). This value range provides an idea of the pricing and cost associated with these products.
The bound / Most Favored Nation (MFN) duty rate for HS Code 99041710 is 13.1 cents per kilogram (kg). This duty rate applies whenever a country lowers a trade barrier or opens up a market. It ensures that any changes in trade regulations or market access are applied consistently to the same goods or services from all trading partners.
This duty rate is important for importers and exporters to consider as it impacts the cost of trading sugars, syrups, and molasses between countries. It is crucial to factor in these duty rates when calculating the overall expenses associated with international trade.
The quantity unit for HS Code 99041710 is kilograms (kg). This unit of measurement is used to determine the weight or mass of sugars, syrups, and molasses being imported or exported. The use of kilograms provides a standardized measure for trade transactions and ensures accuracy in quantity calculations.
Special tariff preference programs may be applicable for sugars, syrups, and molasses traded under HS Code 99041710. These programs aim to promote trade and provide preferential treatment to certain countries or regions.
Importing US states and exporting US states may have specific programs in place that offer reduced duty rates or other benefits for trading sugars, syrups, and molasses. It is essential for importers and exporters to research and understand these programs to leverage any available advantages and optimize their trade activities.
HS Code 99041710 encompasses the trade of sugars, syrups, and molasses between different countries. The code specifies the product description, duty rates, quantity unit, and potential special tariff preference programs. Understanding the details of this HS Code is crucial for importers and exporters to navigate international trade successfully and make informed decisions regarding the trading of sugars, syrups, and molasses.