Cheddar cheese is a popular type of cheese known for its rich and sharp flavor. It is widely consumed and enjoyed in various cuisines around the world. In order to facilitate international trade and ensure fair practices, products like cheddar cheese are assigned a Harmonized System (HS) code. The HS code 04069012 specifically refers to cheddar cheese that is not subject to general note 15 of the HTS (Harmonized Tariff Schedule) or additional US note 18 to Chapter 4.
The HS code 04069012 is used to classify and identify cheddar cheese for import and export purposes. This code plays a crucial role in international trade, as it provides a standardized system for categorizing products. By using the HS code, customs officials and traders can easily determine the nature and characteristics of the goods being traded.
The bound / MFN (Most Favored Nation) duty rate for cheddar cheese under HS code 04069012 is $1.227 per kilogram (kg). This rate applies whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners are subject to the same duty rate.
The quantity unit for cheddar cheese under HS code 04069012 is kilograms (kg). This unit of measurement is universally recognized and allows for accurate calculation and documentation of the quantity being imported or exported.
Cheddar cheese under HS code 04069012 may qualify for special tariff preference programs in certain countries. These programs provide preferential treatment in terms of duty rates or exemptions. Here are some examples:
These special tariff preference programs aim to promote trade and strengthen economic relationships between countries. They provide opportunities for businesses to benefit from reduced duty rates or duty-free treatment when importing or exporting cheddar cheese.
When it comes to importing cheddar cheese under HS code 04069012 into the United States, New Jersey is a prominent destination. On the other hand, Idaho and New Mexico are the key exporting states for cheddar cheese.
It is important for traders and businesses to consider the specific regulations and requirements of the importing and exporting states when dealing with cheddar cheese under HS code 04069012. This ensures compliance with customs procedures and facilitates smooth trade operations.
the HS code 04069012 plays a significant role in the international trade of cheddar cheese. It helps classify and identify the product, determines duty rates, and provides access to special tariff preference programs. Understanding and adhering to the regulations associated with this HS code is essential for businesses engaged in the import and export of cheddar cheese.