HS Code 99040414: Butter & Cream with Over 45% Butterfat
The HS Code 99040414 refers to butter and cream products that have a butterfat content of over 45%. These products are classified under HS codes 0401.30.75, 0403.90.78, and 0405.00.40. It is important to note that these products are subject to a value safeguard period, with a price range of $1.40 to $1.599 per kilogram.
When importing or exporting these products, it is essential to understand the bound/MFN duty rate. The bound/MFN duty rate for HS Code 99040414 is 28.4 cents per kilogram. This duty rate implies that every time 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 principle ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 99040414 is kilograms (KG). This unit of measurement is used to determine the weight and quantity of butter and cream products being imported or exported.
Additionally, there are special tariff preference programs that may apply to the importation of butter and cream products under HS Code 99040414. These programs provide certain benefits or exemptions to specific countries or regions, promoting trade and economic growth. It is important for importers and exporters to understand and take advantage of these programs to optimize their trade activities.
Importing US states and exporting US states play a crucial role in the trade of butter and cream products under HS Code 99040414. As an importer, it is essential to be aware of the regulations and requirements set by the respective US states when bringing in these products. On the other hand, exporters need to comply with the regulations of the US states they are exporting to, ensuring smooth trade operations.
HS Code 99040414 represents butter and cream products with over 45% butterfat content. These products are subject to a value safeguard period and have a bound/MFN duty rate of 28.4 cents per kilogram. Understanding the import and export regulations, as well as special tariff preference programs, is crucial for successful trade in this category. Importing and exporting US states also play a significant role in facilitating trade operations for these products.
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