The HS Code 04029906 refers to condensed milk that is sweetened and is not in airtight containers. This code is subject to general note 15 of the HTS, which regulates the trade of certain goods. In this article, we will explore the various aspects of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs. Additionally, we will provide information on the importing and exporting US states for this product.
Condensed milk is a popular dairy product that has been processed to remove water content, resulting in a thick and creamy consistency. It is often sweetened to enhance its taste and is commonly used in a variety of culinary applications, such as desserts, beverages, and baked goods. The HS Code 04029906 specifically refers to sweetened condensed milk that is not packaged in airtight containers.
The bound / MFN duty rate for HS Code 04029906 is 3.3 cents per kilogram (KG). It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. The principle of non-discrimination dictates that any trade barrier reduction or market opening must be extended to all trading partners for the same goods or services.
The quantity unit for HS Code 04029906 is kilograms (KG). This unit of measurement is used to determine the weight of the condensed milk being imported or exported.
Several special tariff preference programs are available for imports of condensed milk under HS Code 04029906. These programs offer preferential treatment in terms of duty rates and are aimed at promoting trade and economic development. The following countries and regions have special tariff rates or eligibility for duty-free treatment:
These special tariff preference programs aim to facilitate trade between countries and promote economic cooperation and development.
When it comes to importing condensed milk under HS Code 04029906, several US states engage in this trade. The following states are involved in importing this product:
These states play a significant role in sourcing condensed milk for domestic consumption and distribution.
On the other hand, the exporting of condensed milk under HS Code 04029906 is not explicitly mentioned in the provided data. However, it is safe to assume that the exporting US states would likely be the ones not mentioned in the importing list. These states may have a surplus of condensed milk production and actively export it to meet global demand.
HS Code 04029906 represents sweetened condensed milk that is not packaged in airtight containers. This code is subject to specific duty rates, quantity units, and special tariff preference programs. Additionally, various US states engage in importing and potentially exporting this product, contributing to the global trade of condensed milk.