Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 04049070: A Comprehensive Guide

When it comes to international trade, proper classification of goods is crucial. The Harmonized System (HS) Code provides a standardized system for classifying products. In this article, we will delve into HS Code 04049070, which refers to products consisting of natural milk constituents (except protein conc.), whether or not sweetened, not described in add US note 1 to Ch. 4.

HS Code 04049070 specifically pertains to a variety of products that are made up of natural milk constituents. These products may or may not be sweetened, and they are not covered under the additional US note 1 to Chapter 4 of the Harmonized System. It is important to note that this HS code excludes protein concentrates.

Now, let's explore some key details and information related to HS Code 04049070:

• Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 04049070 is 8.5%. This means that every time 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.
• Quantity Unit: The quantity unit for products classified under HS Code 04049070 is kilograms (KG). This unit is used to measure and quantify the weight of the imported or exported goods.
• Special Tariff Preference Programs: Certain countries and regions have special tariff preference programs for products classified under HS Code 04049070. These programs provide preferential treatment in terms of duty rates. Here are some examples:
  • Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. This includes countries such as A+, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, PE, and SG.
  • 5.6%: Australia has a special rate of 5.6% for imports classified under HS Code 04049070.
• Importing US States: Various US states engage in the importation of products classified under HS Code 04049070. Some of the notable states include Idaho, New Mexico, and Nevada.
• Exporting US States: On the other hand, when it comes to exporting products classified under HS Code 04049070, the primary states involved are Idaho and Nevada.

HS Code 04049070 plays a significant role in ensuring the accurate classification and proper taxation of products consisting of natural milk constituents. By understanding the details and implications of this HS code, businesses and traders can navigate the international trade landscape more effectively.

It is essential for importers and exporters to consult with customs authorities or trade professionals to ensure compliance with the specific regulations and requirements associated with HS Code 04049070. By doing so, they can avoid potential penalties or delays in their import or export operations.

HS Code 04049070 covers products consisting of natural milk constituents (except protein conc.), whether or not sweetened, not described in add US note 1 to Ch. 4. It is important to be aware of the bound / MFN duty rate, quantity unit, special tariff preference programs, and the involvement of different US states when dealing with this HS code. By staying informed and up-to-date, importers and exporters can make informed decisions and optimize their international trade activities.