For businesses engaged in agricultural exports, proper classification of commodities is crucial for compliance and strategic planning. This article provides a comprehensive analysis of HS code 1202109000, covering "other in-shell peanuts (not roasted or cooked)" in international trade.
Product Classification
Classified under Chapter 12 of the Harmonized System, this commodity falls within the category of oil seeds and oleaginous fruits. These raw, unprocessed peanuts maintain their natural state without undergoing roasting or cooking processes. Market demand for this product has shown consistent growth in recent years.
Export Regulations
The current trade policies for this commodity include:
- No export duty applies
- No export tax rebate available
- No provisional export tax rate established
- Exempt from value-added tax (VAT)
Import Considerations
For importing countries, the following conditions apply:
- No standard import tariff rate specified
- No provisional import tariff implemented
- Zero consumption tax rate
Trade Compliance
The commodity faces no additional regulatory requirements or quarantine restrictions, facilitating relatively streamlined customs clearance procedures. This regulatory environment makes in-shell peanuts particularly attractive for international trade operations.
While the classification information was last updated on December 30, 2018, the tax structure remains relevant for current trade planning. However, businesses should regularly consult updated customs codes and policy changes to ensure full compliance and capitalize on emerging market opportunities.
Understanding these classification details and tax implications is essential for companies developing export strategies and market expansion plans. Proper HS code application ensures smooth cross-border transactions while optimizing cost structures in global peanut trade.