When it comes to international trade, it is crucial to have a standardized system for classifying goods. The Harmonized System (HS) Code provides this classification, allowing countries to identify and categorize products for customs and statistical purposes. In this article, we will delve into HS Code 04051010, which pertains to butter subject to quota.
Product Description: Butter subject to quota pursuant to chapter 4 additional US note 6.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for HS Code 04051010 is 12.3 cents/kg. It is important to note 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 HS Code 04051010 is kilograms (KG). This unit of measurement helps ensure consistency and clarity in international trade transactions.
Special Tariff Preference Programs: There are several special tariff preference programs applicable to imports of butter subject to quota under HS Code 04051010. These programs provide certain countries or regions with preferential treatment, often in the form of duty-free or reduced-duty rates. The programs applicable to HS Code 04051010 are as follows:
Importing US States: The following US states are known for importing butter subject to quota under HS Code 04051010:
HS Code 04051010 plays a vital role in regulating the international trade of butter subject to quota. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the importing US states associated with this HS Code can help businesses and governments make informed decisions and facilitate smoother trade transactions.