In this article, we will be discussing the HS code 99040537, which refers to butter substitutes containing more than 45% butterfat. These products are classified under the Harmonized System (HS) codes 0405.00.90, 2106.90.26, and 2106.90.36. They are subject to a value safeguard period and are entered under a tariff rate of less than $0.60 per kilogram (KG).
The product described by HS code 99040537 is butter substitutes with a butterfat content exceeding 45%. Butter substitutes are food products that mimic the taste and texture of butter but are made from different ingredients. They are commonly used as alternatives to butter in cooking and baking.
According to the HS code, these butter substitutes are classified under several specific subheadings, including 0405.00.90, 2106.90.26, and 2106.90.36. These subheadings provide further details about the composition and characteristics of the product.
The bound or most-favored-nation (MFN) duty rate for HS code 99040537 is 67.5 cents per kilogram (KG). The MFN duty rate is the standard tariff applied to imports of a particular product. It ensures that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
In the case of butter substitutes with more than 45% butterfat, the MFN duty rate remains constant at 67.5 cents per kilogram (KG) regardless of the country of origin. This rate applies every time these products are imported into a country that follows the HS code system.
The quantity unit for HS code 99040537 is kilograms (KG). This means that the measurement and pricing of butter substitutes with more than 45% butterfat are based on weight, specifically in kilograms.
Using kilograms as the quantity unit allows for standardized calculations and comparisons when determining import quantities and costs. It provides a common basis for trade transactions and simplifies international trade documentation.
Special tariff preference programs may be applicable to butter substitutes classified under HS code 99040537. These programs are designed to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
Importing US states and exporting US states may offer special tariff preference programs for butter substitutes with more than 45% butterfat. These programs could include free trade agreements, preferential trade arrangements, or regional trade agreements.
It is important for importers and exporters to familiarize themselves with these programs and understand the eligibility criteria, application procedures, and benefits they offer. Taking advantage of special tariff preference programs can result in cost savings and increased market access for businesses involved in the trade of butter substitutes.
HS code 99040537 pertains to butter substitutes with a butterfat content exceeding 45%. These products are classified under specific subheadings and are subject to a value safeguard period. The bound / MFN duty rate for these butter substitutes is 67.5 cents per kilogram (KG), and the quantity unit is kilograms (KG).
Importers and exporters should also explore special tariff preference programs that may provide benefits for the trade of these butter substitutes. Understanding and utilizing these programs can lead to competitive advantages and cost savings in international trade.
By considering all the relevant information related to HS code 99040537, businesses can navigate the import and export of butter substitutes with more than 45% butterfat more effectively and make informed decisions to maximize their trade opportunities.