HS Code 04062048 refers to Edam and Gouda cheese that is grated or powdered. This code specifies that the product is not subject to general note 15 or additional US note 20 to Chapter 4 of the Harmonized System (HS) codes.
When it comes to international trade, HS codes play a crucial role in identifying and classifying goods. They are used globally to standardize the classification of products for customs purposes. HS codes help ensure that trade barriers are lowered and markets are opened up for the same goods or services from all trading partners.
The bound or most-favored nation (MFN) duty rate for HS Code 04062048 is $1.803 per kilogram (kg). This rate remains constant, regardless of any trade barrier adjustments or market openings.
The quantity unit for the product is kilograms (kg), which is the standard unit of measurement for this HS code. This information helps in accurately determining the weight and quantity of the imported or exported cheese.
There are also special tariff preference programs associated with HS Code 04062048. These programs provide certain countries with tariff exemptions or reduced rates when trading this specific product. The following countries have special tariff rates for Edam and Gouda cheese:
These special rates or programs allow certain countries to import or export Edam and Gouda cheese under preferential conditions, which can help boost trade and economic cooperation.
It is important for importers and exporters to be aware of these special tariff preference programs and the corresponding HS codes. This knowledge can help them take advantage of the benefits and exemptions provided by these programs, ultimately reducing costs and enhancing trade opportunities.
When importing Edam and Gouda cheese under HS Code 04062048 into the United States, it is essential to consider the specific regulations and requirements of the importing and exporting states. Compliance with state regulations is crucial to ensure smooth customs clearance and avoid any potential delays or penalties.
HS Code 04062048 pertains to grated or powdered Edam and Gouda cheese. It is important for traders and businesses to understand the implications of this HS code, including the bound duty rate, quantity unit, and special tariff preference programs associated with it. By having a comprehensive understanding of this code, importers and exporters can navigate the international trade landscape more effectively and capitalize on the opportunities it presents.