HS Code 99040491 refers to dairy products falling under Chapter 4, with additional US Note 1, and entered in quantity safeguard period in the subheading 1806.20.83. In this article, we will delve into the details of this HS code and explore the various aspects related to dairy product imports and exports.
Dairy products play a significant role in the global trade market, and HS Code 99040491 specifically covers these products falling under Chapter 4 of the Harmonized System. This code ensures that the dairy products imported or exported are properly classified and regulated.
The subheading 1806.20.83 under HS Code 99040491 specifies the exact category of dairy products being traded. It is important to note that this HS code is applicable during the quantity safeguard period, which means there may be certain restrictions or regulations imposed on the quantity of dairy products being imported or exported.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99040491 is 17.6 cents per kilogram (KG), along with an additional 2.8% duty. 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 receive equal treatment.
This duty rate is significant as it affects the cost of importing or exporting dairy products under HS Code 99040491. Importers and exporters need to factor in this duty rate while calculating the overall cost and profitability of their trade transactions.
The quantity unit for HS Code 99040491 is kilograms (KG). This means that the quantity of dairy products being imported or exported is measured and recorded in kilograms. It is essential for importers and exporters to accurately measure and report the quantity of dairy products to ensure compliance with regulations and to facilitate smooth trade transactions.
Special tariff preference programs may apply to dairy products imported or exported under HS Code 99040491. These programs aim to promote trade and provide certain benefits or concessions to eligible countries or entities. The specific details of these programs can vary from country to country.
Importing US States and Exporting US States are crucial factors to consider when dealing with dairy product trade under HS Code 99040491. Different states within the United States may have varying regulations, requirements, or preferences when it comes to importing or exporting dairy products. It is essential for traders to be aware of these state-specific considerations to ensure compliance and successful trade transactions.
HS Code 99040491 plays a vital role in regulating and classifying dairy product imports and exports. It ensures that the trade of dairy products under Chapter 4 is properly documented, regulated, and subject to appropriate duty rates. Understanding the details and implications of this HS code is essential for importers, exporters, and traders involved in the dairy product trade industry.
Note: The information provided in this article is based on the available data and regulations at the time of writing. It is advisable to consult the relevant authorities and stay updated with the latest regulations and requirements related to HS Code 99040491 and dairy product trade.