Milk and cream are essential dairy products that are consumed worldwide. They are versatile ingredients used in various food and beverage products, such as yogurt, cheese, ice cream, and baked goods. HS Code 04011000 specifically refers to unconcentrated milk and cream with no added sweeteners and a fat content of not more than 1 percent. 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 product described under HS Code 04011000 is milk and cream that is unconcentrated, meaning it is not condensed or evaporated. Additionally, it should not contain any added sweeteners. The fat content of the milk or cream should not exceed 1 percent by weight. This HS code is specific in defining the characteristics of the product to ensure accurate classification and proper trade regulation.
The bound / MFN (Most Favored Nation) duty rate for HS Code 04011000 is 0.34 cents per liter. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that any changes in trade regulations are applied uniformly to all trading partners for the same goods or services. The duty rate helps maintain fair trade practices and prevents discrimination among different countries.
The quantity unit for HS Code 04011000 is liters (L). This unit of measurement specifies the volume of milk and cream being imported or exported. Liters are a widely recognized unit for measuring liquids, making it convenient for international trade and ensuring accurate quantity assessment.
HS Code 04011000 is eligible for various special tariff preference programs, providing benefits to certain countries. The following programs offer preferential treatment:
These special tariff preference programs aim to promote trade and economic cooperation between countries. They provide incentives for specific nations and facilitate the import and export of milk and cream products, promoting international business relations and market growth.
HS Code 04011000 applies to the import and export of milk and cream products in the United States. It is relevant to all states involved in these trade activities. Some of the major importing US states for this HS code include California, New York, Texas, Illinois, and Florida. The exporting US states vary based on the dairy production capacity and trade partnerships.
Overall, HS Code 04011000 plays a significant role in regulating the trade of unconcentrated milk and cream with specific characteristics. It ensures proper classification, duty rates, and preferential treatment for eligible countries. Understanding this HS code is crucial for importers, exporters, and government authorities involved in the dairy industry and international trade.