Cheese is a beloved dairy product enjoyed by people all over the world. From the classic cheddar to the exotic feta, there is a wide variety of cheeses available in the market. However, not all cheeses are created equal, and they are subject to regulations and tariffs. One such regulation is the HS Code 04069095, which pertains to cheeses and substitutes made with cow's milk and with a butterfat content of less than 0.5% by weight. Let's delve deeper into this HS Code and explore its implications for international trade.
The HS Code 04069095 covers cheeses and substitutes for cheese. This category includes various cheese products made from cow's milk, excluding those with a butterfat content exceeding 0.5% by weight. These cheeses can be a mix of different types and are classified under the Chapter 4 US Note 16 (quota) category. It is essential to note that this HS Code is specific to the United States and may have variations in other countries' customs systems.
The bound / MFN (Most-Favored Nation) duty rate for HS Code 04069095 is 10%. According to the principle of MFN, 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. This means that the 10% duty rate applies uniformly to all importing countries, ensuring fair trade practices.
The quantity unit for HS Code 04069095 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported cheese products. It helps in accurately calculating the volume of trade and ensuring consistency in the documentation process.
Under certain circumstances, cheese products falling under HS Code 04069095 may be eligible for special tariff preference programs. These programs provide preferential treatment in terms of duty rates or duty-free treatment for imports from specific countries. Here are some notable special tariff preference programs applicable to HS Code 04069095:
When it comes to importing cheese products under HS Code 04069095, the state of New Jersey stands out as a significant destination. Numerous imports have been recorded from New Jersey, suggesting a thriving market for these cheese products in the state. On the other hand, Idaho and New Mexico have been prominent exporting states for cheese products falling under this HS Code. This trade flow indicates a distribution network that meets the demand for these products across different regions in the United States.
The HS Code 04069095 plays a crucial role in regulating the import and export of cheeses and substitutes made with cow's milk and with a butterfat content of less than 0.5% by weight. Understanding this HS Code is essential for businesses involved in the cheese trade to ensure compliance with customs regulations and take advantage of any available tariff preference programs. By adhering to the guidelines set forth by the HS Code, businesses can navigate the international market with ease and contribute to the growth of the cheese industry.