The HS Code 99040416 refers to the specific classification for Butter & Cream with over 45% butterfat. This product falls under the categories of 0401.30.75, 0403.90.78, and 0405.00.40 as per the Harmonized System (HS) of product classification. The HS Code is an internationally recognized system that is used to classify and categorize goods for import and export purposes.
Butter & Cream with over 45% butterfat is a high-quality dairy product that is widely consumed and traded globally. It is known for its rich and creamy texture, making it a popular ingredient in various culinary applications. The HS Code 99040416 specifically identifies this product and allows for easy identification and tracking during international trade.
When importing Butter & Cream with over 45% butterfat, it is important to consider the relevant tariff rates and special tariff preference programs. The bound / MFN (Most Favored Nation) duty rate for this product is 15 cents/kg. 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. This ensures fair and equal treatment for all trading partners.
The quantity unit for Butter & Cream with over 45% butterfat is kilograms (KG). This unit of measurement is used to determine the weight of the product during import and export transactions. It is important to accurately measure and declare the quantity of Butter & Cream to comply with customs regulations and to ensure accurate pricing and taxation.
Additionally, the HS Code 99040416 may be subject to special tariff preference programs. These programs are designed to promote trade and economic cooperation between countries. Importing and exporting US states may have specific programs in place to provide preferential treatment to certain goods, including Butter & Cream with over 45% butterfat.
the HS Code 99040416 is used to classify Butter & Cream with over 45% butterfat for import and export purposes. This code ensures easy identification and tracking of the product during international trade. It is important to consider the bound / MFN duty rate, quantity unit, and any special tariff preference programs when importing or exporting this product. By understanding and adhering to these regulations, businesses can successfully engage in the global trade of Butter & Cream with over 45% butterfat.