In international trade, the Harmonized System (HS) Code is used to classify goods and products for the purpose of customs and statistical purposes. The HS Code 99040477 refers to dairy products falling under Chapter 4 of the Harmonized System, specifically under Additional US Note 1 and in the subheading 2106.90.09.
When importing goods with this HS code, it is important to understand the specific details and regulations associated with it. The product description for HS Code 99040477 is "Dairy prod. in Ch. 4 addl US note 1, in 2106.90.09, entered in value safeguard period, $1.20-$1.499/kg."
The bound or Most Favored Nation (MFN) duty rate for HS Code 99040477 is 38.8 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.
The quantity unit for HS Code 99040477 is kilograms (KG). This means that the measurement and pricing of the dairy products will be based on per kilogram.
Special tariff preference programs may apply to the importation of dairy products under HS Code 99040477. These programs provide certain benefits or exemptions to eligible importers, such as reduced duty rates or duty-free access, depending on the specific program and trade agreements in place.
When importing dairy products under HS Code 99040477, it is essential to comply with the regulations and requirements of the importing and exporting countries. This includes obtaining the necessary permits, certifications, and adhering to quality standards to ensure the safety and legality of the products.
For the importing United States states, the specific regulations, import duties, and documentation requirements may vary. It is advisable to consult with the relevant government authorities or seek professional assistance to ensure compliance with the specific state's regulations.
Similarly, the regulations and requirements for exporting dairy products from the United States to other countries may differ. Exporters should thoroughly understand the destination country's import regulations, including any applicable tariffs, quotas, or restrictions.
HS Code 99040477 plays a crucial role in international trade by providing a standardized classification for dairy products. Understanding the associated regulations and requirements is essential for smooth and compliant importation and exportation of these goods.