HS Code 99040409: Butter & Cream with Over 45% Butterfat
Butter and cream with over 45% butterfat fall under the HS code 99040409. This code is used to classify and identify specific goods during international trade. In this article, we will explore the product description, tariff rates, quantity unit, and special tariff preference programs associated with HS code 99040409.
Product Description:
HS code 99040409 refers to butter and cream products that contain over 45% butterfat. These products are further classified under subheadings 0401.30.75, 0403.90.78, and 0405.00.40. The products falling under this HS code must be entered during the value safeguard period and have a value of under $0.60 per kilogram.
Tariff Rates:
The bound or most-favored-nation (MFN) duty rate for HS code 99040409 is 90.5 cents per kilogram. The bound duty rate is the maximum rate that a country can impose on imports, while the MFN duty rate is the rate applied to imports from most trading partners. It is important to note 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.
Quantity Unit:
The quantity unit for HS code 99040409 is kilograms (KG). This means that the weight of butter and cream products falling under this code will be measured in kilograms during import and export processes.
Special Tariff Preference Programs:
Certain countries may have special tariff preference programs in place for specific goods. These programs aim to promote trade and economic cooperation between countries by offering reduced or preferential tariff rates. It is important for importers and exporters of butter and cream products to be aware of any applicable special tariff preference programs that may exist between the importing and exporting countries.
Importing US States:
When importing butter and cream products falling under HS code 99040409 into the United States, it is crucial to comply with the regulations and requirements set by the relevant authorities. Each state within the US may have specific rules regarding the importation of food products. Importers must ensure that their products meet the necessary standards and undergo any required inspections before entering the US market.
Exporting US States:
Similarly, when exporting butter and cream products falling under HS code 99040409 from the United States, exporters must adhere to the regulations set by both the US government and the destination country. Different states within the US may have varying export requirements, and exporters should ensure that their products meet all necessary criteria before shipping them to their intended markets.
HS code 99040409 is used to classify butter and cream products with over 45% butterfat during international trade. Importers and exporters of these products should be familiar with the product description, tariff rates, quantity unit, and any special tariff preference programs that may apply. Additionally, compliance with the regulations of both the importing and exporting countries is crucial to ensure a smooth and successful trade process.
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