When it comes to international trade, it is essential to have a clear understanding of the Harmonized System (HS) codes. These codes are used to classify and categorize products for import and export purposes. In this article, we will delve into the details of HS Code 99040421, which pertains to butter and cream with over 45% butterfat.
Product Description:
HS Code 99040421 specifically refers to butter and cream products that have a butterfat content of over 45%. These products fall under the broader category of dairy products and are classified under subheading 0405.10.20. It is important to note that this HS code applies to products that have entered the quantity safeguard period.
Bound / MFN Duty Rate:
The bound / MFN duty rate for products falling under HS Code 99040421 is 51.4 cents per kilogram. The MFN (Most Favored Nation) duty rate is the standard tariff rate applied to imports and exports between countries. This rate ensures that when 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:
Unfortunately, the quantity unit for butter and cream products under HS Code 99040421 is not available (NA). This means that the specific unit of measurement for these products is not specified. However, it is crucial to consult the relevant trade documentation and regulations to determine the acceptable quantity unit for import and export purposes.
Special Tariff Preference Programs:
Special tariff preference programs may exist for products falling under HS Code 99040421. These programs offer preferential treatment in terms of reduced or waived import tariffs to promote trade between specific countries or regions. Importers and exporters should explore any existing special tariff preference programs that could potentially benefit their butter and cream trade activities.
Importing US States:
When importing butter and cream products under HS Code 99040421 into the United States, it is essential to consider the specific regulations and requirements of the intended importing state. Each state may have its own additional regulations and restrictions that must be adhered to for successful importation. It is advisable to consult with local authorities or seek professional guidance to ensure compliance.
Exporting US States:
Similarly, when exporting butter and cream products under HS Code 99040421 from the United States, it is crucial to consider the regulations and requirements of the specific exporting state. Each state may have its own set of regulations and procedures that need to be followed for smooth exportation. It is recommended to consult with local authorities or engage with experienced exporters to navigate the export process effectively.
HS Code 99040421 pertains to butter and cream products with over 45% butterfat. Importers and exporters dealing with these products should familiarize themselves with the specific regulations, duty rates, and special tariff preference programs applicable to HS Code 99040421. By understanding and complying with these requirements, businesses can ensure smooth and compliant international trade operations.