When it comes to international trade, it is crucial to have a standardized system that classifies and identifies goods. The Harmonized System (HS) code is a globally recognized classification system that allows countries to categorize products for customs purposes. In this article, we will explore HS Code 99040489, which pertains to dairy products.
The HS Code 99040489 refers to dairy products falling under Chapter 4, with an additional US note 1. Specifically, it encompasses products classified under 1704.90.58. This code is used to identify and track the import and export of dairy items during the quantity safeguard period.
When importing dairy products under HS Code 99040489, it is important to consider the bound or Most Favored Nation (MFN) duty rate. The duty rate for this HS code is 13.3 cents per kilogram (KG), plus an additional 3.5% of the total value. It should be noted that this duty rate may change if a country lowers a trade barrier or opens up a market for the same goods or services from all its trading partners.
The quantity unit for HS Code 99040489 is kilograms (KG). This means that the import and export of dairy products falling under this code are measured and recorded in kilograms. It is important for traders and customs officials to accurately determine the weight of the goods to calculate duties and ensure compliance with trade regulations.
Various special tariff preference programs may apply to the import and export of dairy products under HS Code 99040489. These programs are designed to promote trade and provide certain benefits to eligible countries. Examples of such programs include free trade agreements, regional trade agreements, and preferential trade arrangements.
As HS Code 99040489 pertains to the import and export of dairy products, it is essential to consider the specific importing and exporting US states. The United States is a significant player in the global dairy market, both as an importer and exporter. Major importing states include California, Wisconsin, and New York, while major exporting states include California, Wisconsin, and Texas.
These states have a well-established infrastructure and expertise in dairy production, enabling them to meet domestic demand and export to international markets. Traders and businesses involved in dairy product trade should be aware of the regulations and requirements specific to each state to ensure a smooth and compliant trade process.
HS Code 99040489 plays a crucial role in facilitating the import and export of dairy products. By understanding the product description, duty rates, quantity unit, special tariff preference programs, and the relevant importing and exporting US states, traders can navigate the complexities of international trade more effectively. It is essential to stay updated with any changes or amendments to the HS code and comply with the regulations of the countries involved in the trade.