HS Code 04029103: Milk & Cream Concentrate in Non-Solid Forms
Milk and cream in concentrated, non-solid forms are classified under HS Code 04029103. This code is used to categorize these products for international trade purposes. In this article, we will explore the details of this HS code and its implications for importers and exporters.
Product Description
The product description for HS Code 04029103 is "Milk & cream, concen, in non-solid forms, not sweetened, in airtight containers, subject to gen. note 15 of the HTS." This means that the milk and cream being imported or exported should be concentrated, in non-solid forms, and not sweetened. Additionally, the product should be packaged in airtight containers. The import or export of these products is subject to general note 15 of the Harmonized Tariff Schedule (HTS).
Duty Rates
The bound or Most Favored Nation (MFN) duty rate for HS Code 04029103 is 2.2 cents per kilogram (KG). The MFN duty rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of duty rates.
Quantity Unit
The quantity unit for HS Code 04029103 is kilograms (KG). This unit is used to measure the weight of the imported or exported milk and cream concentrate.
Special Tariff Preference Programs
HS Code 04029103 is eligible for various special tariff preference programs. Some of these programs include:
- A+ Program: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under this subheading receive duty-free treatment.
- Australia Special Rate: Milk and cream concentrate imported from Australia receive a special rate.
- Bahrain Special Rate: Milk and cream concentrate imported from Bahrain receive a special rate.
- Canada: Under the North American Free Trade Agreement (NAFTA), milk and cream concentrate imported from Canada receive duty-free treatment.
- Chile Special Rate: Milk and cream concentrate imported from Chile receive a special rate.
- Africa Growth and Opportunity Act (AGOA): Milk and cream concentrate imported from eligible African countries receive duty-free treatment under AGOA.
- Caribbean Basin Initiative (CBI): Milk and cream concentrate imported from eligible Caribbean countries receive duty-free treatment under CBI.
- Israel Special Rate: Milk and cream concentrate imported from Israel receive a special rate.
- Andean Trade Preference Act (ATPA): Milk and cream concentrate imported from eligible Andean countries receive duty-free treatment under ATPA.
- Jordan Special Rate: Milk and cream concentrate imported from Jordan receive a special rate.
- Morocco Special Rate: Milk and cream concentrate imported from Morocco receive a special rate.
- Mexico: Under NAFTA, milk and cream concentrate imported from Mexico receive duty-free treatment.
- Oman Special Rate: Milk and cream concentrate imported from Oman receive a special rate.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Milk and cream concentrate imported from DR-CAFTA countries receive a special rate.
- Peru Special Rate: Milk and cream concentrate imported from Peru receive a special rate.
- Singapore Special Rate: Milk and cream concentrate imported from Singapore receive a special rate.
Importing and Exporting US States
The following US states are involved in the import and export of milk and cream concentrate categorized under HS Code 04029103:
These states are actively engaged in international trade of milk and cream concentrate, contributing to the overall economy of the United States.
HS Code 04029103 classifies milk and cream concentrate in non-solid forms for international trade. This code helps to standardize the classification and regulation of these products across different countries. Importers and exporters need to be aware of the relevant duty rates and special tariff preference programs associated with this HS code to effectively navigate international trade.
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