The HS Code 99040415 refers to butter and cream products that contain over 45% butterfat. These products are classified under different subheadings within the Harmonized System (HS) code, namely 0401.30.75, 0403.90.78, and 0405.00.40. They fall under the value safeguard period, with an import duty rate ranging from $1.60 to $1.799 per kilogram.
When it comes to international trade, countries impose different duty rates on imported goods. The bound or most-favored-nation (MFN) duty rate for HS Code 99040415 is 21 cents per kilogram. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 99040415 is kilograms (KG). This is the standard unit of measurement used for calculating the quantity of butter and cream products being imported or exported.
In addition to the regular duty rates, there are also special tariff preference programs that may apply to imports of butter and cream products under HS Code 99040415. These programs provide certain benefits or exemptions to eligible importers, such as reduced duty rates or duty-free treatment.
When importing butter and cream products under HS Code 99040415 into the United States, different states may have specific regulations or requirements. It is important for importers to be aware of these regulations and comply with them to ensure smooth customs clearance. Similarly, when exporting these products from the United States to other countries, it is essential to understand the specific requirements of the destination country.
HS Code 99040415 represents butter and cream products with over 45% butterfat. Understanding the HS code and its associated duty rates is crucial for importers and exporters of these products. Compliance with regulations and taking advantage of special tariff preference programs can help businesses navigate the international trade landscape more effectively.