Blended syrups of cane or beet sugar fall under HS Code 99041784. These syrups are classified under subheading 2106.90.91 and are subject to specific regulations and duties when imported or exported. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The HS Code 99041784 refers to blended syrups made from cane or beet sugar. These syrups are commonly used in various food and beverage applications, including baking, confectionery, and beverage production. Blended syrups offer a unique combination of sweetness and flavor, making them a popular ingredient in the food industry.
Blended syrups of cane or beet sugar fall under subheading 2106.90.91, which specifically categorizes them for international trade purposes. This subheading provides a standardized classification system that enables countries to identify and regulate the import and export of these syrups effectively.
The bound or most-favored-nation (MFN) duty rate for HS Code 99041784 is 9.6 cents/kg, with an additional 2.8% duty rate applied every time a country lowers a trade barrier or opens up a market for the same goods or services from all its trading partners. This duty rate is subject to change and should be verified with the relevant customs authorities before any international trade transactions.
The duty rate serves as a measure to promote fair trade practices and maintain a level playing field for all trading partners. It ensures that countries do not discriminate against specific goods or services from particular trading partners, thereby fostering an open and transparent global trading system.
The quantity unit for HS Code 99041784 is kilograms (KG). This unit of measurement is used to determine the weight of the blended syrups during import or export transactions. It is essential to accurately declare the quantity of the syrups to comply with customs regulations and facilitate smooth international trade operations.
By using kilograms as the quantity unit, countries can establish a standard measurement system that enables consistent and comparable data across different import and export transactions. This ensures transparency and accuracy in international trade statistics.
Special tariff preference programs may exist for blended syrups of cane or beet sugar under HS Code 99041784. These programs aim to promote trade between specific countries by providing preferential tariff treatment for eligible goods. Tariff preferences can include reduced duty rates, duty-free access, or other trade facilitation measures.
Importing US states and exporting US states may have specific agreements or programs in place to encourage trade in blended syrups. These programs could be bilateral or multilateral trade agreements that offer benefits to participating countries. Importers and exporters should familiarize themselves with these programs to take advantage of any available tariff preferences and enhance their competitiveness in the global market.
HS Code 99041784 refers to blended syrups of cane or beet sugar, classified under subheading 2106.90.91. This HS code is important for regulating the import and export of these syrups, ensuring fair trade practices, and promoting transparency in international trade. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for businesses engaged in the trade of blended syrups.