Blended syrups of cane or beet sugar fall under the HS Code 99041778, which is used to classify and identify specific products for international trade purposes. This HS Code is particularly significant for importing and exporting countries as it provides valuable information about the product, its description, and other relevant details.
Product Description: Blended syrups of cane or beet sugar, in 1806.20.94, entered in quantity safeguard period
The product description of the HS Code 99041778 specifies that it pertains to blended syrups made from cane or beet sugar. These syrups are classified under the sub-heading 1806.20.94, which provides more precise details about the product. Furthermore, the mention of "entered in quantity safeguard period" indicates that there may be specific regulations or restrictions on the import or export of these syrups during a particular period.
Bound / MFN Duty Rate: 12.4 cents/kg + 2.8%
The bound duty rate associated with the HS Code 99041778 is 12.4 cents per kilogram. Additionally, there is a 2.8% duty rate that applies every time a country lowers a trade barrier or opens up a market. This provision ensures that any changes in trade policies or market access are applied equally to all trading partners and that the same goods or services receive the same treatment.
Quantity Unit: Kilograms (KG)
The quantity unit for the HS Code 99041778 is kilograms (KG). This unit of measurement is used to quantify the amount of blended syrups of cane or beet sugar being imported or exported. It serves as a standard measurement to facilitate accurate trade transactions and uniformity in documentation.
Special Tariff Preference Programs
Special tariff preference programs may be applicable to the import or export of blended syrups of cane or beet sugar under the HS Code 99041778. These programs are designed to promote trade and provide certain benefits or concessions to specific countries or regions. The availability and details of such programs may vary depending on the trade agreements or arrangements established between countries.
Importing US States and Exporting US States
The HS Code 99041778 is relevant for both importing and exporting US states. This means that the blended syrups of cane or beet sugar classified under this HS Code can be imported into or exported from various states within the United States. The specific regulations, documentation requirements, and applicable duties may vary depending on the state of origin or destination.
the HS Code 99041778 provides comprehensive information about blended syrups of cane or beet sugar, including its product description, duty rates, quantity unit, and potential eligibility for special tariff preference programs. Understanding and correctly applying this HS Code is essential for international traders, customs officials, and other stakeholders involved in the import and export of these syrups.