HS Code 99040500 refers to dairy products falling under Chapter 4 of the Harmonized System (HS) classification. These products are subject to additional regulations outlined in the United States note 1 and are entered under the 2106.90.87 subheading during the quantity safeguard period.
When importing dairy products under HS Code 99040500, it is essential to understand the associated duties and tariff rates. The bound or Most Favored Nation (MFN) duty rate for these products is 9.6 cents per kilogram (kg), along with an additional 2.8% of the product's value. The MFN duty rate remains consistent unless a country lowers a trade barrier or opens up a market, in which case, the same benefits should be extended to all trading partners.
The quantity unit for dairy products under this HS Code is kilograms (KG). This unit of measurement helps in accurately quantifying and tracking the quantity of dairy products being imported or exported.
Furthermore, there are special tariff preference programs that may apply to the importation of dairy products under HS Code 99040500. These programs offer certain advantages, such as reduced duty rates, for eligible imports. It is crucial for importers to be aware of these programs and their respective requirements to maximize their benefits.
When it comes to importing dairy products under HS Code 99040500, it is essential to consider the specific regulations and requirements of both the exporting and importing US states. Different states may have varying guidelines and restrictions for the importation of dairy products, including licensing, inspection procedures, and quality standards. It is vital to comply with all state-specific regulations to ensure a smooth and legally compliant import process.
HS Code 99040500 pertains to dairy products falling under Chapter 4 of the HS classification. Importers and exporters of these products must be familiar with the associated duties, tariff rates, quantity units, and any special tariff preference programs. Additionally, understanding and adhering to the regulations of exporting and importing US states is crucial for a successful importation process.