The HS Code 99040464 pertains to dairy products and encompasses various subcategories including 0404.10.15, 1517.90.60, 1704.90.58, 1806.20.82, 1806.20.83, 1806.32.70, and more. This code is used to classify and regulate the import and export of dairy products, ensuring proper documentation and adherence to international trade regulations.
The HS Code 99040464 covers a wide range of dairy products. These products can include milk, cheese, butter, yogurt, and other similar items. The specific categories mentioned in the code, such as 0404.10.15, 1517.90.60, etc., help to further classify the type and composition of the dairy products.
For example, 0404.10.15 refers to milk and cream, concentrated or containing added sugar or other sweetening matter. 1517.90.60 relates to margarine and edible mixtures or preparations of animal or vegetable fats or oils. Each subcategory provides more detailed information about the specific dairy product.
The entered value safe period for dairy products under HS Code 99040464 is $1.10-$1.299 per kilogram. This value range is used to determine the customs value of the imported or exported dairy products. It helps to establish the monetary worth of the goods and calculate applicable duties and taxes.
The bound / most-favored-nation (MFN) duty rate for dairy products under HS Code 99040464 is 9 cents per kilogram. This duty rate applies whenever a country reduces trade barriers or opens up its market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of customs duties.
For example, if a country lowers its import duties on dairy products for one trading partner, it must extend the same reduced duty rate to all other trading partners. This principle promotes fair and equitable trade practices among nations.
The quantity unit specified for dairy products under HS Code 99040464 is kilograms (KG). This unit of measurement is used to quantify the weight of the imported or exported dairy products. It allows for accurate tracking and record-keeping of the quantity of goods involved in international trade.
Special tariff preference programs may apply to dairy products under HS Code 99040464. These programs provide certain countries with preferential treatment in terms of customs duties. They aim to promote economic development, support trade partnerships, and enhance market access for specific products.
For example, some countries may have free trade agreements or preferential trade arrangements that reduce or eliminate customs duties on dairy products. These programs help to create a more favorable trading environment and encourage increased cross-border commerce.
The HS Code 99040464 is applicable to all states in the United States for both importing and exporting dairy products. Whether a state is importing dairy products from another country or exporting them to international markets, this HS Code ensures proper classification and regulation of the goods.
Some states in the US are known for their significant dairy production and export activities. These states include California, Wisconsin, New York, Pennsylvania, and Texas. They contribute to the overall trade of dairy products and play a vital role in the global dairy industry.
Overall, the HS Code 99040464 serves as a crucial tool in the international trade of dairy products. It facilitates proper classification, valuation, and regulation of these goods, ensuring fair trade practices and compliance with customs regulations. Understanding this code is essential for importers, exporters, and other stakeholders involved in the dairy industry.