In international trade, products are classified using the Harmonized System (HS) code, which is a standardized numerical code assigned to each traded product. HS Code 04062067 refers to cheese containing or processed from cheddar cheese, grated or powdered, not subject to add US note 18 to Ch. 4.
Let's delve deeper into the details of this HS code and understand its implications for trade and tariff rates.
The product described under HS Code 04062067 is cheese that is either made from or contains cheddar cheese. It is available in grated or powdered form. The product does not fall under the US note 18 to Chapter 4, which means it is not subject to any additional regulations or restrictions specified in that note.
The bound / most-favored-nation (MFN) duty rate for products classified under HS Code 04062067 is $1.227 per kilogram (KG). This is the rate that countries impose when importing this specific cheese product. It is important to note that this rate applies uniformly to all trading partners of a country. In other words, when 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.
The quantity unit for HS Code 04062067 is kilograms (KG). This means that the weight of the cheese product is measured and traded in kilograms.
Several countries offer special tariff preference programs for products classified under HS Code 04062067. These programs provide preferential treatment in terms of reduced or waived import duties. Here are some examples:
These special tariff preference programs aim to promote trade and strengthen economic ties between countries by providing incentives for importing specific goods.
HS Code 04062067 is applicable to trade involving various importing and exporting US states. The specific states involved in the import and export of this cheese product may vary depending on trade agreements, market demand, and other factors.
Understanding the HS code and its associated details is crucial for importers, exporters, and policymakers involved in international trade. It helps in ensuring compliance with regulations, determining applicable tariff rates, and exploring opportunities for preferential treatment under special tariff preference programs.
Whether you are a cheese lover or a trade enthusiast, knowing the HS code 04062067 and its implications can provide valuable insights into the world of international trade.