Milk and cream are widely consumed and versatile products that play a significant role in our daily lives. HS Code 04029990 refers to milk and cream (except condensed milk) that are concentrated in non-solid forms and sweetened. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 04029990 specifies that it includes milk and cream in non-solid forms, which means that it can be in liquid or semi-liquid forms. These products are sweetened, but they are not categorized under General Note 15 or Additional US Note 10 to Chapter 4 of the Harmonized System.
The bound or most-favored-nation (MFN) duty rate for HS Code 04029990 is 46.3 cents per kilogram (kg) plus an additional 14.9%. This means that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. The duty rate ensures fair trade practices and equal opportunities for all participating countries.
The quantity unit for HS Code 04029990 is kilograms (kg). This unit of measurement allows for a standardized and uniform measurement of the product, ensuring accurate trade transactions and quantity assessments.
HS Code 04029990 is eligible for several special tariff preference programs that offer various benefits to specific countries. The programs include:
These special rates and programs promote trade facilitation and foster economic cooperation between countries by providing preferential treatment for certain goods and services.
The data for HS Code 04029990 reveals the importing and exporting US states involved in the trade of milk and cream products. The importing US states include:
On the other hand, the exporting US states involved in the trade of milk and cream products are:
These states play a crucial role in the import and export of HS Code 04029990, contributing to the overall trade and distribution of milk and cream products in the United States.
HS Code 04029990 encompasses a specific category of milk and cream products that are concentrated in non-solid forms and sweetened. Understanding the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the involvement of various US states, allows for informed decision-making and successful trade transactions in the milk and cream industry.