Blended syrups of cane or beet sugar fall under the HS Code 99041766. This code is used to classify and identify specific products for international trade. In the case of HS Code 99041766, it refers to blended syrups made from either cane or beet sugar.
These syrups are classified under different subheadings within the HS Code system, such as 1702.20.28, 1702.30.28, 1702.40.28, and so on. Each subheading represents a different type or variation of the blended syrup product.
One important aspect to note about HS Code 99041766 is that it has an entered value safeguard period. This means that the value of the product, when imported, should not exceed $0.05/kg. This safeguard period ensures fair pricing and prevents any potential market distortions in the import of these blended syrups.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99041766 is 18.1 cents/kg. This rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment, promoting fair and non-discriminatory trade practices.
By setting a bound / MFN duty rate, countries commit to providing equal access to their markets for all trading partners. This helps create a level playing field and encourages international trade cooperation.
The quantity unit for HS Code 99041766 is kilograms (KG). This means that the measurement and trading of blended syrups of cane or beet sugar are done in kilograms. This standard unit makes it easier for importers, exporters, and regulatory authorities to determine the quantity of these products accurately.
HS Code 99041766 may also be eligible for special tariff preference programs. These programs can provide certain benefits or exemptions to specific products, including blended syrups of cane or beet sugar. These benefits aim to promote trade, economic development, and cooperation between countries.
Importing and exporting US states play a crucial role in the trade of products classified under HS Code 99041766. They serve as the entry and exit points for these blended syrups, ensuring smooth trade flows and compliance with relevant regulations.
Overall, HS Code 99041766 is an essential classification for blended syrups of cane or beet sugar in international trade. It helps facilitate the accurate identification, classification, and regulation of these products. Understanding the HS Code system is crucial for importers, exporters, and regulatory authorities to ensure proper trade practices and compliance with relevant laws and regulations.