HS Code Lookup for Heading 1201

HS Code Lookup helps classify products under appropriate HS code and find duties applicable across 140+ countries. Find and discover HS classification, tariffs, taxes, controls, rulings, ECCNs, and default and preferential duties for HS code 1201.

Heading 1201

Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruit; industrial or medicinal plants; straw and fodder - Soya beans, whether or not broken.

List of Sub Headings & Description

120110 Seed

120190 Other

WCO Notes for Heading 1201

12.01 ‑ Soya beans, whether or not broken (+).

1201.10 - Seed

1201.90 - Other

Soya beans are very important source of vegetable oil. The soya beans of this heading may be heat‑treated for the purpose of de‑bittering (see General Explanatory Note).

However, the heading excludes roasted soya beans used as a coffee substitute (heading 21.01).

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Subheading Explanatory Note.

Subheading 1201.10

For the purposes of subheading 1201.10, the term “seed” covers only soya beans regarded by the competent national authorities as being for sowing.

FAQs

What is HS code 1201?

HS code 1201 includes Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruit; industrial or medicinal plants; straw and fodder - Soya beans, whether or not broken..

How many sub-headings are there in HS code 1201?

There are 2 sub-heading(s) in HS code 1201.

What is an HS Code and Why Does it Hold For Cross-Border Trade?

HS code is a standardized six-digit numerical classification system developed by the World Customs Organization (WCO) and acts as a universal language for simplifying the process of identifying and classifying traded products. They ensure consistent customs clearance, enable accurate duty calculation, and help identify relevant trade regulations. This simplifies the process for businesses, saving time, reducing risk, and promoting informed decision-making.

What are Controls and Why should Businesses Focus on Them?

In global trade, controls refer to a set of regulations and policies implemented by governments to manage the import and export of goods and services. These controls can take various forms, including tariffs, quotas, embargoes, export controls, and licensing requirements. Companies should prioritize understanding and adhering to them for compliance, reduced risk of legal issues, mitigating reputational damage, staying competitive, and building trust with governments.

What are Tariffs in Global Trade and Why should Businesses Focus on Them?

In global trade, tariffs are a type of tax levied by a government on imported goods. They act as a financial barrier to entry, increasing the overall cost of the imported product for domestic consumers and businesses. By understanding how tariffs work and their potential impact, companies can make informed decisions about pricing, sourcing, and market expansion, ultimately ensuring their competitiveness in the global marketplace.

What are FTAs in Global Trade and Why should Businesses Focus on Them?

In global trade, Free Trade Agreements (FTAs) are legally binding agreements between two or more countries aimed at reducing or eliminating barriers to trade between them. By understanding the terms of relevant FTAs and strategically incorporating them into their business plans, companies can enjoy reduced costs, expanded market access, and a more competitive edge in international trade.