When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code is a crucial tool in this regard. In this article, we will explore in-depth the HS Code 04062051 and shed light on its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS Code 04062051 encompasses various types of cheese made from cow's milk, namely Romano, Reggiano, Provolone, Provoletti, Sbrinz, and Goya. These cheeses are specifically grated or powdered, making them suitable for various culinary applications. It is important to note that this HS Code is subject to the addition of US Note 21 to Chapter 4.
When importing goods classified under HS Code 04062051, a 15% duty rate is applicable. This means that a certain percentage of the total value of the imported goods needs to be paid as a duty. It is crucial to understand that this duty rate remains constant unless there are changes in trade barriers or market openings. The principle of "most favored nation" (MFN) ensures that any trade barrier reductions or market openings are extended to all trading partners.
The quantity unit for goods classified under HS Code 04062051 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods. It provides a standardized basis for trade transactions and facilitates accurate calculations of quantities.
Several special tariff preference programs apply to goods classified under HS Code 04062051. These programs offer favorable treatment in terms of duty rates. The following countries or regions enjoy duty-free treatment under specific programs:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and these countries or regions. By providing duty-free treatment, they enhance market access and facilitate increased trade volumes.
Goods classified under HS Code 04062051 can be imported and exported from various US states. The specific states involved in the import and export of these goods may vary based on market demand and supply chain dynamics. It is crucial for businesses to consider the logistical aspects and market conditions while engaging in international trade of these products.
the HS Code 04062051 encompasses a range of grated or powdered cheeses made from cow's milk. It is subject to a 15% duty rate, and the quantity unit is kilograms (KG). Several special tariff preference programs offer duty-free treatment for these goods, fostering trade relationships between the United States and partner countries or regions. The import and export of these products can take place across various US states, providing opportunities for businesses to engage in international trade.