The HS Code 99040498 refers to dairy products in Chapter 4 of the Harmonized System (HS) code classification. This code is further defined by the additional US note 1 and falls under the category of 2106.90.09, which is specifically related to the quantity safeguard period.
When it comes to international trade, understanding HS codes is crucial as they are used to classify products for customs and statistical purposes. In this article, we will delve into the details of HS Code 99040498 and explore various aspects related to the import and export of dairy products under this code.
Dairy products play a significant role in the global trade market, and HS Code 99040498 specifically focuses on them. This code encompasses various dairy items, including milk, cheese, butter, yogurt, and other related products.
These products fall under Chapter 4 of the HS code classification, which specifically relates to dairy produce, birds' eggs, natural honey, and edible products of animal origin, excluding fish and crustaceans, mollusks, and other aquatic invertebrates.
It is important to note that HS Code 99040498 is further defined by the additional US note 1, which provides specific guidelines and regulations for the import and export of dairy products under this code.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99040498 is 28.7 cents per kilogram. The MFN duty rate is applicable 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 treated equally.
This duty rate applies to the import and export of dairy products under HS Code 99040498, regardless of the country of origin or destination. It is important for importers and exporters to consider this duty rate when engaging in international trade of dairy products.
Unfortunately, the specific quantity unit for HS Code 99040498 is not available (NA). This means that the HS code does not provide a standardized unit of measurement for the quantity of dairy products being imported or exported.
However, it is essential for traders to accurately determine and declare the quantity of dairy products being traded to comply with customs regulations and ensure smooth international transactions.
Special tariff preference programs may be available for dairy products under HS Code 99040498. These programs offer specific benefits and incentives to importers and exporters, such as reduced or waived customs duties.
It is advisable for traders to explore and take advantage of these special tariff preference programs to lower their overall import or export costs and enhance competitiveness in the global market.
HS Code 99040498 applies to both importing and exporting US states. This means that dairy products falling under this code can be imported into or exported from any state within the United States.
Importers and exporters should familiarize themselves with the specific regulations and procedures of their respective states to ensure compliance with local laws and optimize their trade activities.
HS Code 99040498 encompasses a wide range of dairy products, including milk, cheese, butter, and yogurt, among others. Understanding this code is crucial for importers and exporters involved in the international trade of dairy products.
By considering the bound or MFN duty rate, exploring special tariff preference programs, and complying with the regulations of importing and exporting US states, traders can effectively navigate the global market for dairy products and maximize their business opportunities.