The Harmonized System (HS) Code 99040478 refers to dairy products in Chapter 4 of the Harmonized System, which is the international product classification system used for trade purposes. This specific HS code also falls under additional US note 1 and is entered in the value safeguard period with a price range of $1.50 to $1.799 per kilogram.
When it comes to international trade, it is essential to have standardized codes like HS codes to ensure uniformity and clarity in product classification. The HS code helps in identifying the specific product being traded, facilitating customs procedures, and gathering accurate trade statistics.
In the case of HS Code 99040478, it specifically pertains to dairy products falling under Chapter 4 of the Harmonized System. Chapter 4 covers various dairy products such as milk, butter, cheese, yoghurt, and other milk-based products. It provides a systematic classification for these products, making it easier for importers, exporters, and customs officials to categorize and process trade transactions.
The bound / Most Favored Nation (MFN) duty rate for HS Code 99040478 is 24.8 cents per kilogram. The MFN duty rate is the standard tariff rate applied to imports from all trading partners, ensuring equal treatment for all countries. It implies that every time a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners.
For dairy products falling under HS Code 99040478, the quantity unit used for trade is kilograms (KG). This standard unit of measurement ensures uniformity in recording and reporting trade volumes for statistical purposes.
Furthermore, there may be special tariff preference programs applicable to the import and export of dairy products under HS Code 99040478. These programs offer specific benefits and incentives to certain countries or regions, promoting trade cooperation and economic growth.
When importing dairy products under HS Code 99040478, it is crucial to consider the regulations and requirements of the specific importing US states. Different states may have varying regulations regarding the importation, labeling, and quality standards of dairy products. Compliance with these regulations is necessary to ensure smooth customs clearance and market access.
Similarly, when exporting dairy products under HS Code 99040478 from the United States, it is important to be aware of the specific requirements of the target exporting US states. These requirements may include documentation, certification, and compliance with local food safety and quality standards.
HS Code 99040478 relates to dairy products in Chapter 4 of the Harmonized System. It provides a standardized classification for these products, ensuring uniformity in trade transactions and statistical reporting. Understanding the specific HS code, bound / MFN duty rate, quantity unit, and any special tariff preference programs is crucial for importers and exporters of dairy products. Additionally, being knowledgeable about the regulations of importing and exporting US states is essential for compliance and successful trade operations.