Milk and cream are essential commodities that are consumed and traded all over the world. They play a significant role in various industries, including food and beverage, dairy, and confectionery. To facilitate international trade and ensure fair practices, products are classified using a Harmonized System (HS) code. In this article, we will delve into HS Code 04013042, which refers to milk and cream that is not concentrated, not sweetened, and has a fat content of not less than 45%. This code is subject to General Note 15 of the Harmonized Tariff Schedule (HTS).
The product description for HS Code 04013042 is milk and cream that is not concentrated and not sweetened. The specific requirement regarding the fat content being over 45% ensures that the product falls under this HS code. This code is applicable to both liquid milk and cream and includes various types such as whole milk, full-fat cream, and other similar products.
The bound / MFN (Most Favored Nation) duty rate for HS Code 04013042 is 12.3 cents per kilogram (kg). The MFN duty rate is the standard rate applied to imports from all trading partners. It is important to note that duty rates can vary based on trade agreements, special tariff programs, and the importing country's domestic policies.
The quantity unit for HS Code 04013042 is liters (L). This indicates that the measurement and pricing of milk and cream under this code are based on volume rather than weight.
HS Code 04013042 is eligible for several special tariff preference programs. These programs aim to promote trade between specific countries and provide preferential treatment to encourage imports. The following programs offer duty-free treatment for imports under this HS code:
These special tariff preference programs aim to facilitate trade, support economic development, and foster diplomatic relationships between countries.
HS Code 04013042 is applicable to imports and exports of milk and cream in the United States. The specific importing and exporting states may vary based on market demand, production capabilities, and transportation infrastructure. Some of the major importing US states for milk and cream under this HS code include:
On the other hand, the exporting US states for milk and cream under HS Code 04013042 can include:
These states are known for their dairy industry and play a crucial role in the import and export of milk and cream.
HS Code 04013042 encompasses milk and cream that is not concentrated, not sweetened, and has a fat content of at least 45%. This code is subject to General Note 15 of the Harmonized Tariff Schedule. Understanding the HS code and its associated details is vital for importers, exporters, and trade authorities to ensure compliance with regulations, determine applicable duty rates, and take advantage of special tariff programs.