Milk and cream are staple ingredients in various food products and beverages, making them essential commodities in international trade. To facilitate smooth and regulated trade, countries utilize the Harmonized System (HS) code system to classify and categorize goods. In this article, we will delve into the details of HS Code 04013075, which specifically pertains to milk and cream imports. Let's explore its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 04013075 refers to milk and cream that are not concentrated, not sweetened, and have a fat content of less than 45%. Additionally, this product must not be subject to general note (nte) 15 or additional note (nte) 6 to Chapter 4 of the HS code. This code precisely identifies the specific characteristics of the milk and cream being imported, ensuring accurate classification and regulation.
When importing goods, countries impose duty rates to control the flow of trade and protect domestic industries. For HS Code 04013075, the bound Most Favored Nation (MFN) duty rate is $1.646 per kilogram. The MFN duty rate represents the standard rate applied to imports from all trading partners. It ensures that trade barriers are consistently lowered or markets are opened up for the same goods or services from all countries.
The quantity unit for HS Code 04013075 is liters (L). This unit of measurement allows for accurate and standardized assessment of the volume of milk and cream being imported. It ensures that both importers and exporters have a common understanding of the quantity being traded.
Several countries have established special tariff preference programs for imports of milk and cream under HS Code 04013075. These programs offer preferential treatment in terms of reduced or eliminated duty rates. Let's take a closer look at some of these programs:
These special tariff preference programs aim to foster trade relationships and encourage imports from specific countries. Importers should take advantage of these programs to optimize their costs and enhance their competitiveness in the market.
HS Code 04013075 plays a crucial role in regulating the import of milk and cream. Its detailed product description, duty rates, quantity unit, and special tariff preference programs provide clarity and transparency in international trade. Importers and exporters should familiarize themselves with this code to ensure compliance and leverage the available benefits under various tariff programs.