When it comes to international trade, proper classification of goods is crucial. HS Code 99040411 pertains to a specific product category: Butter & Cream with over 45% butterfat. This article aims to provide an in-depth understanding of this HS code, including its product description, tariff rates, quantity unit, and relevant special tariff preference programs.
The product description for HS Code 99040411 is Butter & Cream with over 45% butterfat. This includes products falling under the following subheadings: 0401.30.75, 0403.90.78, and 0405.00.40. It is important to note that these subheadings refer to different types or forms of butter and cream with a high butterfat content.
Butter and cream are commonly used in various culinary applications, both in households and the food industry. They add richness and flavor to dishes, making them essential ingredients in many recipes. The high butterfat content in these products ensures their superior quality and desirable attributes.
HS Code 99040411 falls under the value safeguard period, which means that specific measures are implemented to protect the value and interests of the importing country. The applicable tariff rates for this HS code are between $0.80 and $0.999 per kilogram (KG).
Bound / MFN (Most Favored Nation) duty rate for HS Code 99040411 is 60.6 cents/kg. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment.
Tariff rates have a significant impact on international trade and can influence the competitiveness of products in the global market. Understanding the tariff rates associated with HS Code 99040411 is essential for both importers and exporters involved in the butter and cream industry.
The quantity unit for HS Code 99040411 is kilograms (KG). This unit of measurement is widely used in international trade to determine the weight or quantity of goods being imported or exported. It provides a standardized method for calculating and assessing the value of traded products.
Using kilograms as the quantity unit enables accurate and consistent measurements, facilitating seamless trade transactions. Importers and exporters dealing with butter and cream products falling under HS Code 99040411 should ensure compliance with the specified quantity unit.
In addition to the general tariff rates, certain special tariff preference programs may apply to HS Code 99040411. These programs provide favorable conditions for trade between specific countries or regions, aiming to promote economic cooperation and development.
Importing and exporting US states may have their own special tariff preference programs in place. These programs can offer reduced or exempted tariffs, making trade more advantageous for eligible participants. To take full advantage of these programs, importers and exporters should familiarize themselves with the specific requirements and conditions associated with each program.
HS Code 99040411 covers Butter & Cream with over 45% butterfat, encompassing various types and forms of these dairy products. Understanding the product description, tariff rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers and exporters engaged in the butter and cream industry.
By complying with the regulations and requirements outlined for HS Code 99040411, businesses can ensure smooth customs clearance, accurate tariff calculation, and optimal trade conditions. Staying informed about any updates or changes related to this HS code is essential for maintaining a competitive edge in the international market.