The HS Code 04049030 refers to dairy products made from natural milk constituents, excluding protein concentrates. This code is defined in additional US notes not exceeding 1 to Chapter 4 and sub to Chapter 4 US note 10.
When importing or exporting products under this HS code, it is important to understand the associated regulations, duty rates, and special tariff preference programs. Let's delve into these details:
Dairy products falling under HS Code 04049030 are derived from natural milk constituents, excluding protein concentrates. These products can include various forms of dairy such as milk powder, cheese, butter, cream, and other similar products.
The bound / MFN (Most Favored Nation) duty rate for HS Code 04049030 is set at 14.5%. The MFN principle ensures that when 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 ensures fair trading practices and equal treatment for all.
The quantity unit for HS Code 04049030 is kilograms (KG). This unit is used to measure the weight of the dairy products being imported or exported.
There are several special tariff preference programs available for imports under HS Code 04049030. These programs provide preferential treatment, including duty-free or reduced-duty rates, for eligible countries. Some of the programs applicable to this HS code are:
These programs aim to promote trade and economic growth between countries by providing preferential treatment for imports from specific regions or under specific trade agreements.
The following US states are involved in the import and export of dairy products under HS Code 04049030:
These states play a significant role in the trade of dairy products, both as importers and exporters. Understanding the import and export dynamics of these states can provide valuable insights for businesses operating in the dairy industry.
HS Code 04049030 encompasses dairy products made from natural milk constituents, excluding protein concentrates. Importers and exporters of these products need to be aware of the associated regulations, duty rates, and special tariff preference programs. Additionally, understanding the importing and exporting US states can help businesses identify potential trade opportunities and market trends.