The Harmonized System (HS) code 04041008 refers to a specific product category known as modified whey. This article will provide an in-depth understanding of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs. It will also explore the importing and exporting US states associated with this code.
Modified whey, excluding protein concentrates, falls under the HS code 04041008. This code is subject to General Note 15 of the Harmonized Tariff Schedule (HTS). General Note 15 states that every time 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 bound or most-favored-nation (MFN) duty rate for the HS code 04041008 is 13%. The MFN duty rate is applicable every time a country reduces trade barriers or grants market access, ensuring equal treatment for all trading partners.
The quantity unit for the HS code 04041008 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of the imported or exported goods.
Several special tariff preference programs apply to imports classified under the HS code 04041008. These programs offer preferential treatment in terms of duty rates. The following countries and trade agreements provide free or reduced-duty treatment for modified whey:
These special tariff preference programs aim to promote trade and economic development between countries, particularly by supporting least-developed beneficiary developing countries.
The following US states are associated with the importation of products classified under the HS code 04041008:
As for the exporting US states, the data does not provide any specific information. However, it is likely that various states across the country engage in the exportation of modified whey.
Overall, the HS code 04041008 plays a crucial role in international trade, specifically for modified whey. Understanding its product description, duty rates, special tariff preference programs, and associated US states is essential for importers, exporters, and trade professionals.