Whey, a byproduct of cheese production, is a versatile ingredient used in various food and beverage products. HS Code 04041050 specifically refers to dried whey, whether or not concentrated or sweetened, and subject to additional regulations outlined in US note 12 to Chapter 4. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product described under HS Code 04041050 is whey, excluding modified whey. Whey is obtained during the cheese-making process when milk separates into curds and liquid. It is rich in protein, lactose, minerals, and vitamins. Drying whey helps to remove moisture and extend its shelf life. This dried whey can be used in a wide range of applications, including infant formula, bakery products, confectionery, and dietary supplements.
The bound or most-favored-nation (MFN) duty rate for HS Code 04041050 is 3.3 cents per kilogram (kg). The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment. Importers of dried whey must pay this duty rate when bringing the product into a country.
The quantity unit for HS Code 04041050 is kilograms (KG). This means that the measurement and trade of dried whey are based on weight in kilograms. Importers and exporters use this unit to determine the quantity of dried whey being traded.
Several special tariff preference programs offer duty-free treatment for imports of dried whey under HS Code 04041050. These programs aim to promote trade and economic development among participating countries. The following programs provide special rates or duty-free treatment for imports of dried whey:
These special tariff preference programs aim to facilitate trade and strengthen economic ties between participating countries. Importers and exporters of dried whey can benefit from reduced or eliminated duties when trading with countries eligible for these programs.
The data provided for HS Code 04041050 includes information on importing and exporting US states. The importing US states for dried whey are Idaho, New Mexico, and Nevada. These states have shown a consistent demand for dried whey, likely due to their food processing industries and consumer preferences.
On the other hand, the exporting US states for dried whey are Idaho and Nevada. These states have a significant production capacity for whey and are able to meet the demand of both domestic and international markets.
HS Code 04041050 covers dried whey, excluding modified whey, and provides valuable information for importers, exporters, and regulatory authorities. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for conducting international trade in dried whey.