When it comes to international trade, it is essential to have a universal system for classifying products. The Harmonized System (HS) Code is a standardized classification system used globally. Each HS Code represents a specific product or commodity, allowing countries to accurately track trade statistics and apply tariffs or other trade policies. In this article, we will explore the HS Code 04041090, which pertains to whey, a popular dairy product.
The HS Code 04041090 refers to whey, excluding modified whey. It specifically applies to whey that has been dried, whether concentrated or sweetened. This code also states that the product is not subject to General Note 15 or Add US Note 12 to Chapter 4, which are additional regulations or exemptions that may apply to certain goods.
The bound or Most-Favored-Nation (MFN) duty rate for HS Code 04041090 is 87.6 cents per kilogram (kg). The MFN principle ensures that whenever 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. This duty rate applies uniformly to all countries importing whey classified under this HS Code.
The quantity unit for HS Code 04041090 is kilograms (kg). This means that the weight of the whey being traded is measured in kilograms.
Several special tariff preference programs exist for whey classified under HS Code 04041090. These programs offer preferential duty rates or duty-free treatment for specific countries. Here are some examples:
These special rates or exemptions are specific to certain trade agreements or economic partnerships. They aim to promote trade and cooperation between countries by reducing or eliminating import duties on whey.
In the context of the United States, knowing which states are involved in the import and export of whey under HS Code 04041090 can provide valuable insights. The following states have been identified as importers and exporters:
Importing US States:
These states play a significant role in the importation and distribution of whey under this specific HS Code.
The HS Code 04041090 represents whey, excluding modified whey, that has been dried, whether concentrated or sweetened. It is important to understand the product description, duty rates, special tariff preference programs, and the involvement of specific states when dealing with international trade in whey. By adhering to the HS Code system and its associated regulations, countries can effectively manage and monitor their trading activities related to whey and other commodities.