The HS Code 04041015 refers to modified whey that is not a protein concentrate and may or may not be sweetened. This code specifies that the product is not subject to general note 15 or any other restrictions. It is important to understand the details and implications of this code for importers and exporters.
When it comes to international trade, countries often have different trade barriers and regulations. However, under the MFN (Most-Favored Nation) principle, a country must lower trade barriers or open up its market for the same goods or services from all its trading partners. In the case of HS Code 04041015, the bound or MFN duty rate is $1.035/kg plus 8.5%.
The quantity unit for the product specified by this HS code is kilograms (KG). This means that the product will be measured and traded in kilograms.
There are also special tariff preference programs associated with HS Code 04041015. These programs provide certain countries with preferential treatment or exemptions from duty rates. For example, Jordan and Mexico enjoy a free trade agreement (JO, MX), which means that the product specified by this HS code can be imported from or exported to these countries without any duty charges.
Other countries such as Australia (AU), Bahrain (BH), Chile (CL), Morocco (MA), and Oman (OM) have their own special tariff rates for this product. The specific details of these rates can be found under the respective HS codes mentioned. Additionally, the Dominican Republic-Central American (DR-CAFTA) countries have their own special rates, as well as a DR-CAFTA Plus rate. Importers and exporters should consult the relevant HS codes for more information.
It is also worth noting that certain US states have a significant involvement in the import and export of this product. Idaho, New Mexico, and Nevada are among the states that frequently engage in trade related to HS Code 04041015. The import and export of this product can have a significant impact on the economies of these states.
HS Code 04041015 refers to modified whey that is not a protein concentrate and may or may not be sweetened. It is important for importers and exporters to understand the duty rates, quantity unit, and special tariff preference programs associated with this code. Additionally, the involvement of certain US states in the trade of this product highlights its significance in the global market.