Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 04029945: Condensed Milk, Sweetened, in Airtight Containers

When it comes to international trade, specific codes are used to identify and classify different products. One such code is the HS Code, which stands for Harmonized System Code. HS Code 04029945 refers to condensed milk that is sweetened and packaged in airtight containers. In this article, we will explore the details and implications of this HS code.

Product Description

The product described under HS Code 04029945 is condensed milk that has been sweetened and is sold in airtight containers. The key point to note here is that this product is not subject to General Note 15 or Additional US Note 11 to Chapter 4. This means that it does not fall under any specific restrictions or regulations mentioned in these notes.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for products falling under HS Code 04029945 is 49.6 cents per kilogram (kg). The MFN duty rate implies 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 ensures fair and equal treatment in international trade.

Quantity Unit

The quantity unit specified for HS Code 04029945 is kilograms (KG). This means that the weight of the product, condensed milk in this case, is measured and traded in kilograms.

Special Tariff Preference Programs

There are various special tariff preference programs associated with HS Code 04029945. These programs provide certain countries with specific rate benefits or exemptions when importing or exporting the product. Here are some of the programs:

• Free: Jordan enjoys a special rate under this program.
• NAFTA for Mexico: Mexico has a special rate under this program.
• Australia: Australia also has a special rate under this program.
• Bahrain: Bahrain benefits from a special rate under this program.
• Chile: Chile has a special rate under this program.
• Morocco: Morocco enjoys a special rate under this program.
• Oman: Oman has a special rate of 49.6 cents per kilogram.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program provides special rates to the Dominican Republic and Central American countries.
• Dominican Republic-Central American Plus Rate (DR-CAFTA Plus): This program offers additional special rates to the Dominican Republic and Central American countries.

Importing and Exporting US States

HS Code 04029945 is relevant for importing and exporting to and from various US states. The states involved in the import and export of this product include:

• Idaho
• New Mexico
• Nevada

These states play a role in facilitating the trade and distribution of condensed milk, sweetened, in airtight containers.

HS Code 04029945 refers to condensed milk that is sweetened and packaged in airtight containers. It is important to understand the product description, duty rates, quantity unit, special tariff preference programs, and states involved in importing and exporting. This knowledge is essential for businesses and individuals engaged in international trade to ensure compliance and take advantage of any benefits or exemptions available under the specific HS code.