Dairy products play an essential role in our daily lives, providing us with vital nutrients and adding flavor to our meals. The global trade in dairy products is thriving, with countries importing and exporting a wide range of dairy goods. In this article, we will delve into the details of HS Code 99040473, which covers dairy products falling under Chapter 4, with additional US notes 1, and specific subheadings such as 0404.90.50, 1901.90.43, 1901.90.47, and 2105.00.40. Let's explore the various aspects of this HS code and gain a better understanding of the regulations and procedures involved in importing and exporting dairy products.
HS Code 99040473 encompasses a variety of dairy products falling under Chapter 4 of the Harmonized System. This includes products such as milk, cream, yogurt, butter, cheese, and other dairy preparations. The code also specifies additional US notes, which further define the classification of the products. These products are entered into the value safeguard period, with a price range of $1.30 to $1.499 per kilogram.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99040473 is 3.6 cents per kilogram. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners are subject to the same duty rate. This principle promotes fair trade and equal treatment among nations.
The quantity unit for HS Code 99040473 is kilograms (KG). This unit is used to measure the weight of the imported or exported dairy products. It provides a standardized method for quantifying the volume of goods being traded, allowing for accurate documentation and analysis of trade statistics.
Various countries have established special tariff preference programs to promote trade and economic cooperation. These programs offer preferential treatment, such as reduced or zero-duty rates, to specific goods imported from eligible countries. HS Code 99040473 may be eligible for such programs, depending on the bilateral or multilateral agreements in place between the importing and exporting countries.
These lists highlight some of the US states involved in the import and export of dairy products under HS Code 99040473. The specific states may vary depending on various factors such as production capacity, geographical location, and distribution networks.
HS Code 99040473 is a crucial classification for dairy products traded internationally. It encompasses a range of products falling under Chapter 4, with additional US notes, and specific subheadings. Understanding the regulations and procedures associated with this HS code is vital for importers, exporters, and anyone involved in the dairy industry. By complying with the bound / MFN duty rate, utilizing special tariff preference programs, and considering the quantity unit, businesses can navigate the complexities of international trade and contribute to the growth and sustainability of the dairy sector.