About HS Code 120242
This HS code covers raw, shelled groundnuts (peanuts), whether or not broken, that are not roasted or otherwise cooked and not intended for planting. This is a major commodity for the food processing industry, used extensively in the production of peanut butter, confectionery, snack foods, and for oil extraction. Trade volumes are substantial, driven by global demand for peanut-based products. Key concerns in international trade include quality parameters such as moisture content, size grading, and critically, aflatoxin levels, which are subject to strict regulatory limits in many importing countries. Exporters are major peanut-producing nations, and importers are food manufacturers worldwide.
Products Under This Code
Raw shelled peanuts, Blanched peanuts, Split peanuts, Diced peanuts, Peanut kernels, Organic shelled peanuts, Hi-oleic peanuts
Real World Examples
Jif Peanut Butter (uses shelled peanuts), Skippy Peanut Butter, Peter Pan Peanut Butter, various bulk suppliers to confectionery and snack industries
Common Misclassification
The key distinction from 120241 is the absence of the shell. It's also crucial not to confuse these with roasted peanuts (200811) or peanut butter (200811, if prepared).
Products Classified Under 1202.42
Industry
This code belongs to the Agriculture & Live Animals industry.
Trade Overview
Argentina, the USA, and India are major exporters of shelled groundnuts, with significant imports by food manufacturers in Europe, North America, and Asia.
Frequently Asked Questions
What is HS code 120242?
HS code 120242 covers: Ground-nuts; other than seed, not roasted or otherwise cooked, shelled, whether or not broken,. This HS code covers raw, shelled groundnuts (peanuts), whether or not broken, that are not roasted or otherwise cooked and not intended for planting. This is a major commodity for the food processing industry, used extensively in the production of peanut butter, confectionery, snack foods, and for oil extraction. Trade volumes are substantial, driven by global demand for peanut-based products. Key concerns in international trade include quality parameters such as moisture content, size grading, and critically, aflatoxin levels, which are subject to strict regulatory limits in many importing countries. Exporters are major peanut-producing nations, and importers are food manufacturers worldwide.
What products fall under HS code 120242?
Raw shelled peanuts, Blanched peanuts, Split peanuts, Diced peanuts, Peanut kernels, Organic shelled peanuts, Hi-oleic peanuts
What are common misclassifications for HS code 120242?
The key distinction from 120241 is the absence of the shell. It's also crucial not to confuse these with roasted peanuts (200811) or peanut butter (200811, if prepared).
How is HS code 120242 structured?
HS code 120242 is a 6-digit subheading under the Harmonized System. The first 2 digits (12) identify the chapter, digits 3-4 (02) identify the heading, and digits 5-6 (42) specify the subheading. This code is standardized globally by the World Customs Organization.