Milk and cream in concentrated, non-solid forms are essential commodities in the food and beverage industry. These products, classified under HS Code 04029170, are not sweetened and are packed in airtight containers. It's important to note that they are not subject to general note 15 or additional US note 11 to Chapter 4 of the Harmonized System.
The HS Code 04029170 helps in international trade by providing a standardized classification for milk and cream concentrate products. It allows countries to have a common understanding of the goods being traded and ensures consistency in trade regulations.
The product description for HS Code 04029170 is "Milk & cream, concentrate in non-solid forms, not sweetened, in airtight containers, not subject to gen. note 15 or add. US note 11 to Ch.4". This description provides specific details about the product, including its composition, packaging, and exemption from certain trade regulations.
The bound / MFN (Most Favored Nation) duty rate for HS Code 04029170 is 31.3 cents per kilogram (kg). The MFN duty rate is the rate applied to imports from all trading partners, ensuring equal treatment for all countries. This duty rate may be subject to change if a country lowers a trade barrier or opens up a market.
It is important to note that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This principle promotes fair and equitable trade practices.
The quantity unit for HS Code 04029170 is kilograms (kg). This unit of measurement is widely used in the international trade of goods, allowing for accurate and standardized calculations of quantities and prices.
HS Code 04029170 is eligible for special tariff preference programs in various countries. These programs provide preferential treatment in terms of reduced or eliminated import duties. Here are some examples:
These special tariff preference programs aim to promote economic cooperation and trade between countries. They provide incentives for importing countries to source goods from specific trading partners, fostering stronger trade relationships.
When it comes to the United States, the HS Code 04029170 is relevant for importing and exporting goods between specific states. The states involved in the trade of milk and cream concentrate products under this HS Code include:
These states play a significant role in the import and export of milk and cream concentrate, contributing to the overall trade balance of the United States.
HS Code 04029170 provides a comprehensive classification for milk and cream concentrate in non-solid forms. It facilitates international trade by ensuring a common understanding of the product and its trade regulations. The inclusion of special tariff preference programs and specific importing/exporting states further highlights the importance of this HS Code in global trade.