HS Code 04063065: Processed Cheese from Cheddar Cheese
Processed cheese is a popular food product that has been enjoyed by people all over the world for many years. It is a type of cheese that has been altered in some way to improve its texture, flavor, or shelf life. One specific type of processed cheese is made from cheddar cheese, and it is classified under HS Code 04063065.
HS Code 04063065 specifically refers to processed cheese that is not grated or powdered, and is subject to the regulations outlined in US note 18. This means that there are specific requirements and restrictions in place for this product when it comes to import and export.
When it comes to trading this particular type of processed cheese, countries must adhere to the Bound/MFN (Most Favored Nation) duty rate of 10%. This means that every time 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. This promotes fairness and equal treatment in international trade.
The quantity unit for HS Code 04063065 is kilograms (KG). This unit of measurement is commonly used in the food industry to determine the weight of products during import and export.
One advantage of importing processed cheese under HS Code 04063065 is that it is eligible for special tariff preference programs. These programs provide certain countries with preferential treatment when it comes to customs duties. For example, imports from least-developed beneficiary developing countries are eligible for duty-free treatment under the Generalized System of Preferences (GSP). Additionally, countries like Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Oman, Peru, Singapore, and others have special rates or duty-free treatment for this product.
It is important to note that HS Code 04063065 applies to both importing and exporting US states. This means that the regulations and requirements outlined for this product are applicable to both the states that import it and the states that export it.
HS Code 04063065 pertains to processed cheese made from cheddar cheese. It is subject to specific regulations and requirements, including a 10% Bound/MFN duty rate. However, it also benefits from special tariff preference programs that provide certain countries with duty-free treatment or special rates. Understanding the HS code and its implications is essential for businesses and individuals involved in the import and export of processed cheese.
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