The HS Code 04052050 refers to a specific category of dairy spreads that fall under Chapter 4 of the Harmonized System (HS) classification. These dairy spreads are subject to additional US Note 1 and fall under General Note 15, which means they are categorized as "outside quota." In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description specifies that these dairy spreads fall under a specific category mentioned in Chapter 4 of the HS classification. They are also subject to additional US Note 1 and fall under General Note 15, which implies that they are considered "outside quota."
The bound / MFN (Most Favored Nation) duty rate for HS Code 04052050 is set at 10%. It is important to note that this duty rate remains consistent every time a country lowers a trade barrier or opens up a market. This principle ensures that the same goods or services receive equal treatment from all trading partners of the country.
The quantity unit for the import and export of dairy spreads falling under HS Code 04052050 is measured in kilograms (KG). This unit is used to determine the weight and volume of the product during trade transactions.
Under this special tariff preference program, certain countries are eligible for duty-free treatment when importing dairy spreads under HS Code 04052050. The countries included are Australia, Bahrain, Canada (under NAFTA), Chile, Dominican Republic-Central America (DR-CAFTA), Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and several others.
These countries have established agreements or trade preference programs with the United States, allowing them to import dairy spreads duty-free or at a reduced tariff rate. These programs aim to promote trade and economic cooperation between the participating nations.
When it comes to the import and export of dairy spreads falling under HS Code 04052050, the importing US states include Idaho and New Mexico. On the other hand, the exporting US states include Nevada and Idaho. These states play a significant role in the trade of these dairy spreads, either as importers or exporters.
HS Code 04052050 encompasses a specific category of dairy spreads falling under Chapter 4. These spreads are subject to additional US Note 1 and fall under General Note 15, which categorizes them as "outside quota." The duty rate for this HS code is set at 10%, and the quantity unit used for trade transactions is kilograms (KG). Additionally, several countries are eligible for duty-free treatment when importing dairy spreads under this HS code, and specific US states are involved in the import and export of these products. Understanding these details is crucial for businesses and individuals involved in the trade of dairy spreads falling under HS Code 04052050.