HS Code 04063067: Processed Cheese Made from Cheddar Cheese
Processed cheese is a popular dairy product that has been treated and modified to improve its shelf life and enhance its flavor and texture. HS Code 04063067 specifically refers to processed cheese that is produced from cheddar cheese, and it excludes grated or powdered forms. Additionally, this product is not subject to the provisions of US note 18 and is not included in the General Note 15.
The HS Code is an internationally recognized system that classifies goods for customs purposes. It enables countries to standardize the classification of products and facilitates global trade by providing a common language for customs officials and traders. This particular HS Code allows for the easy identification and tracking of processed cheese made from cheddar cheese.
The bound or Most Favored Nation (MFN) duty rate for HS Code 04063067 is $1.227 per kilogram. The MFN duty rate represents the maximum tariff that can be imposed on the product by a country. However, it is important to note that countries often establish special tariff preference programs to promote trade and economic cooperation.
Under certain special tariff preference programs, the import of processed cheese under HS Code 04063067 may be duty-free or subject to reduced tariffs. For example, Jordan and Mexico provide duty-free access for this product. Australia offers a special rate under HS Code 9914.04.70 and 9914.04.73. Bahrain has a special rate under HS Code 9911.04.90 and 9911.04.93, while Chile provides a special rate under HS Code 9908.04.05. Israel grants duty-free treatment under HS Code 9912.04.70 and 9912.04.73. Morocco has a special rate under HS Code 9916.04.70 and 9916.04.73, and Oman imposes a rate of $1.227/kg.
The Dominican Republic-Central American Special Rate (DR-CAFTA) grants preferential treatment under HS Code 9915.04.80, 9915.04.83, and 9915.04.92. The Dominican Republic-Central American Plus Rate (DR-CAFTA Plus) has a special rate under HS Code 9917.04.50.
The quantity unit for the import and export of processed cheese under HS Code 04063067 is kilograms (KG). This unit of measurement helps to standardize the reporting and tracking of trade data, ensuring accurate and consistent records.
When importing processed cheese under HS Code 04063067, it is important to consider any applicable trade agreements or special tariff preference programs that may reduce or eliminate the duty rates. By taking advantage of these programs, importers can benefit from cost savings and increased competitiveness in the market.
Similarly, exporters of processed cheese should be aware of the preferences granted by different countries and tailor their strategies accordingly. Understanding the specific HS Code and its associated tariff rates can help exporters identify potential markets and opportunities for growth.
HS Code 04063067 refers to processed cheese made from cheddar cheese. This HS Code enables the classification and tracking of this specific product for customs purposes. Importers and exporters should be aware of the associated duty rates, as well as any special tariff preference programs that may provide preferential treatment. By leveraging these programs, businesses can optimize their trade operations and capitalize on international market opportunities.
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