When it comes to international trade, various codes and classifications are used to categorize products. One such code is the Harmonized System (HS) code, which is a globally recognized standard for classifying traded goods. In this article, we will delve into the details of HS Code 04063042, which pertains to Edam and Gouda cheese.
HS Code 04063042 specifically refers to processed Edam and Gouda 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 products falling under HS Code 04063042 is 15%. This means that regardless of the country of origin, a 15% duty is levied on the import of Edam and Gouda cheese. The MFN principle ensures that every country receives equal treatment in terms of trade barriers and market access.
The quantity unit for HS Code 04063042 is kilograms (KG). This unit of measurement helps in determining the weight of the imported or exported Edam and Gouda cheese for customs purposes.
Several special tariff preference programs are available for imports falling under HS Code 04063042:
HS Code 04063042 applies to the import and export of Edam and Gouda cheese in various US states. The specific states involved in the import and export of these products may vary depending on market demand and trade relationships.
HS Code 04063042 is assigned to processed Edam and Gouda cheese that is not grated or powdered. It is subject to a 15% duty rate and is measured in kilograms. Several special tariff preference programs offer duty-free treatment for imports falling under this HS code. Understanding the details of HS codes is vital for importers, exporters, and customs officials to facilitate smooth trade transactions and ensure compliance with international trade regulations.