HS Code 99040468 refers to a specific classification of dairy products under Chapter 4 of the Harmonized System (HS) code. This code encompasses additional US notes 1, as well as subheadings 0404.90.50, 1901.90.43, 1901.90.47, and 2105.00.40. These products are subject to specific regulations, including value safeguard period and duty rates.
Dairy products falling under HS Code 99040468 include various items such as milk, cheese, butter, yogurt, and other milk-based products. These goods are classified under Chapter 4 of the HS code, which specifically covers animal and vegetable fats and oils, along with their respective processed products.
It is important to note that this HS code encompasses additional US notes, which provide further specifications and requirements for the import and export of dairy products. These notes play a crucial role in ensuring compliance with specific regulations and standards set by the United States.
Products classified under HS Code 99040468 are subject to a value safeguard period. This means that the importers of these products must adhere to certain pricing thresholds to avoid potential trade barriers or restrictions.
The value safeguard period for dairy products in this HS code ranges from $0.30 to $0.499 per kilogram. Importers must ensure that the declared value of the goods falls within this specified range to maintain compliance and avoid any potential penalties or restrictions.
The bound or Most Favored Nation (MFN) duty rate for products under HS Code 99040468 is 49.7 cents per kilogram. This duty rate applies every time a country reduces trade barriers or opens up its market. It ensures that the same goods or services receive equal treatment from all trading partners.
The MFN duty rate is a mechanism to promote fair trade practices and prevent any unfavorable treatment of specific countries or products. By imposing a consistent duty rate, countries can maintain a level playing field for all trading partners and encourage fair competition.
The quantity unit for products classified under HS Code 99040468 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported dairy products. It plays a crucial role in calculating duties, taxes, and overall trade statistics.
Importing US states and exporting US states have access to various special tariff preference programs, which may offer benefits and incentives for specific products. While not specifically mentioned in the provided data, it is worth mentioning that these programs can have a significant impact on the import and export of dairy products falling under HS Code 99040468.
Examples of special tariff preference programs include free trade agreements (FTAs) and preferential trade agreements (PTAs) that the United States has established with certain countries. These programs aim to promote trade, reduce barriers, and enhance economic cooperation between participating nations.
HS Code 99040468 encompasses various dairy products falling under Chapter 4 of the Harmonized System code. These products are subject to specific regulations, including value safeguard periods and duty rates. Importers and exporters must ensure compliance with these regulations to facilitate fair trade practices and maintain the integrity of global trade.
Understanding the HS code and its associated requirements is crucial for businesses involved in international trade, as it helps ensure smooth customs clearance and adherence to trade regulations. By familiarizing themselves with the specifics of product classification and trade regulations, businesses can navigate the complexities of global trade more effectively.