HS Code 04041048: Whey (except modified whey), dried, whether or not conc. or sweetened, subject to gen. note 15 of the HTS
Whey is a popular dairy product that is widely used in various food and beverage industries. It is a byproduct of cheese production and is obtained when milk is coagulated and the solids are separated from the liquid. Whey contains essential nutrients such as protein, lactose, vitamins, and minerals, making it a valuable ingredient in many consumer products.
The HS Code 04041048 specifically refers to whey (except modified whey), dried, whether or not concentrated or sweetened, subject to general note 15 of the Harmonized Tariff Schedule (HTS). This code is used for customs and trade purposes to classify and identify the specific type of whey being imported or exported.
One important aspect to note about the HS Code 04041048 is the bound or MFN (Most Favored Nation) duty rate of 3.3 cents/kg. This means 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 duty rate is applied to whey imports and exports and is an important factor to consider for businesses involved in the international trade of whey.
The quantity unit for whey under HS Code 04041048 is kilograms (KG). This unit of measurement is used to determine the weight of the whey being imported or exported. It helps in calculating the quantity and value of the whey for trade and customs purposes.
In addition to the duty rate and quantity unit, there are special tariff preference programs associated with the HS Code 04041048. These programs provide certain countries with preferential treatment or exemptions from duties for whey imports. Some of these programs include:
1. Free Trade Agreement (FTA) countries like Australia, Canada, Chile, Mexico, Oman, Peru, and Singapore. Whey imports from these countries are eligible for duty-free treatment under the respective FTAs.
2. Special Rate countries like Bahrain, Israel, Jordan, and Morocco. Whey imports from these countries are eligible for special duty rates or duty-free treatment based on bilateral agreements or trade preferences.
3. Special preference programs like the Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and Dominican Republic-Central American Special Rate (DR-CAFTA). Whey imports from countries participating in these programs may be eligible for duty-free treatment or preferential duty rates.
It is important for businesses involved in the trade of whey to be aware of these special tariff preference programs. They can help reduce import costs and provide competitive advantages in the market.
When it comes to the importing and exporting of whey under HS Code 04041048, there are certain US states that are commonly involved. These states include Idaho, New Mexico, and Nevada. These states have a significant presence in the whey industry, either as producers or as key transit points for whey trade.
the HS Code 04041048 represents whey (except modified whey), dried, whether or not concentrated or sweetened, subject to general note 15 of the HTS. This code is used for customs and trade purposes to classify and identify whey imports and exports. Businesses involved in the international trade of whey need to consider the bound duty rate, quantity unit, and special tariff preference programs associated with this HS Code. Additionally, the involvement of certain US states like Idaho, New Mexico, and Nevada highlights their significance in the whey trade.
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