When it comes to international trade, the Harmonized System (HS) codes play a crucial role in identifying and categorizing different products. One such HS code is 99040454, which pertains to dairy products. In this article, we will delve into the details of this HS code and explore the various aspects related to it.
The product description for HS Code 99040454 includes dairy products falling under specific subheadings. These subheadings are as follows:
These subheadings represent different categories of dairy products, each with its own characteristics and specifications. The entered value safe period for these products is between $1.55 and $1.849 per kilogram.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99040454 is 15.6 cents per kilogram. This duty rate applies uniformly to all countries, as per the principle of non-discrimination in international trade. It means that whenever 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.
The quantity unit for HS Code 99040454 is kilograms (KG). This means that the measurement and pricing of the dairy products falling under this HS code are based on their weight in kilograms. It helps in standardizing the trade and ensures transparency in pricing.
As an HS code related to dairy products, HS Code 99040454 may also be eligible for special tariff preference programs. These programs aim to promote trade and economic cooperation between countries by offering preferential treatment for specific products. However, the availability and extent of these programs may vary depending on the bilateral or multilateral agreements between countries.
HS Code 99040454 applies to both importing and exporting US states. This means that dairy products falling under this HS code can be imported into the United States from other countries, as well as exported from the United States to other countries. It highlights the importance of this HS code in facilitating international trade activities related to dairy products.
HS Code 99040454 plays a significant role in identifying and categorizing dairy products in international trade. Understanding this HS code is crucial for importers, exporters, and regulatory authorities to ensure smooth and compliant trade operations. By utilizing the information provided in this article, stakeholders can navigate the complexities of HS Code 99040454 more effectively and make informed decisions regarding dairy product trade.