When it comes to international trade, having a clear understanding of the Harmonized System (HS) codes is essential. These codes are used to classify different products for customs and statistical purposes. In this article, we will delve into the details of HS Code 04051020, focusing on its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS Code 04051020 refers to butter that is not subject to general note 15 and is in excess of quota in chapter 4 additional U.S. note 6. This code specifically identifies a particular type of butter for trade purposes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 04051020 is $1.541 per kilogram (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. This principle ensures fair and equal treatment in international trade.
The quantity unit for HS Code 04051020 is kilograms (KG). This means that the weight of the butter being imported or exported is measured in kilograms.
HS Code 04051020 is eligible for various special tariff preference programs for specific countries. These programs provide certain benefits or exemptions from duties for qualifying imports. Here are some examples:
HS Code 04051020 is imported into the following US states:
HS Code 04051020 is exported from the following US states:
HS Code 04051020 represents a specific type of butter for international trade. Understanding the details of this code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states, is crucial for businesses engaged in global trade.