Blended syrups of cane or beet sugar fall under HS code 99041782. These syrups are classified under subheading 2101.20.38 and are subject to specific regulations and import duties. In this article, we will explore the details of this HS code, its product description, duty rates, quantity units, and any special tariff preference programs associated with it.
The product description of HS code 99041782 is blended syrups of cane or beet sugar. These syrups are typically used in various food and beverage applications as sweeteners and flavorings. They are derived from either cane or beet sugar sources and are processed and blended to create different syrup varieties.
Blended syrups of cane or beet sugar are commonly used in the production of baked goods, confectionery, beverages, and other food products. They provide sweetness and enhance the flavor profiles of these products.
The bound / MFN (Most Favored Nation) duty rate for HS code 99041782 is 10.2 cents/kg plus an additional 2.8% for each trade barrier lowered or market opened by a country. The MFN principle ensures that any trade barrier reduction or market opening must be applied equally to all trading partners for the same goods or services.
This duty rate implies that when a country lowers its trade barriers or opens up its market, the blended syrups of cane or beet sugar imported into that country will be subject to the specified duty rate. This rate is a combination of a fixed amount per kilogram and a percentage based on the value of the imported goods.
The quantity unit for HS code 99041782 is kilograms (KG). This means that the quantity of blended syrups of cane or beet sugar imported or exported is measured in kilograms. The KG unit is commonly used in international trade to determine the weight or quantity of goods being transported.
Special tariff preference programs may be available for blended syrups of cane or beet sugar under HS code 99041782. These programs aim to promote trade and provide certain benefits or reduced duty rates for specific countries or regions.
Importing and exporting US states may have different special tariff preference programs in place for blended syrups of cane or beet sugar. These programs can vary based on trade agreements, regional partnerships, or bilateral arrangements between the United States and other countries.
It is important for importers and exporters of blended syrups of cane or beet sugar to be aware of any special tariff preference programs that may apply to their specific trade routes. By utilizing these programs, businesses can potentially reduce their duty obligations and increase their competitiveness in the market.
HS code 99041782 represents blended syrups of cane or beet sugar. This product is widely used in the food and beverage industry as a sweetener and flavoring agent. The bound / MFN duty rate for this HS code is 10.2 cents/kg plus 2.8% for each trade barrier lowered or market opened by a country.
It is crucial for importers and exporters to understand the regulations, duty rates, and special tariff preference programs associated with HS code 99041782. By staying informed and leveraging these programs, businesses can optimize their international trade operations and enhance their competitiveness in the global market.