Cheddar cheese is a popular type of cheese known for its rich and creamy flavor. It is widely consumed and traded globally, and its import and export are regulated by the Harmonized System (HS) Code 04063022. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS code.
The HS Code 04063022 specifically refers to processed cheddar cheese that is not grated or powdered. It is important to note that this code is subject to general note 15 of the Harmonized Tariff Schedule (HTS). General note 15 states that whenever 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 bound / MFN (Most Favored Nation) duty rate for cheddar cheese under HS Code 04063022 is 16%. This means that whenever a country imports cheddar cheese, it is subject to a duty rate of 16% of the product's value. The duty rate is applied uniformly to all trading partners, ensuring fair trade practices.
The quantity unit for cheddar cheese under HS Code 04063022 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported cheddar cheese. It is essential for accurate record-keeping and trade calculations.
Cheddar cheese under HS Code 04063022 is eligible for various special tariff preference programs. These programs provide certain countries with preferential treatment, including duty-free imports. The following special tariff preference programs apply to cheddar cheese:
The importing and exporting of cheddar cheese under HS Code 04063022 involve various US states. The specific states engaged in these trade activities may vary depending on market demand and supply. However, some of the notable importing US states for cheddar cheese include:
On the other hand, the exporting US states for cheddar cheese may include:
HS Code 04063022 represents processed cheddar cheese that is not grated or powdered. It is subject to a bound / MFN duty rate of 16% for fair trade practices. The quantity unit is kilograms (KG), and there are various special tariff preference programs that offer preferential treatment, including duty-free imports. Importing and exporting of cheddar cheese under this HS code involve several US states, with New York, California, and Wisconsin being prominent players in the market.