When it comes to international trade, every product is assigned a specific Harmonized System (HS) code which helps in identifying and classifying goods for customs purposes. HS Code 99040541 refers to butter substitutes with a butterfat content of more than 45%. These substitutes fall under the broader category of dairy products and are further classified under HS codes 0405.00.90, 2106.90.26, and 2106.90.36.
In terms of import regulations, products falling under HS Code 99040541 have a specific set of requirements. One notable aspect is the value safeguard period. During this period, which is currently in effect, the imported butter substitutes must have a declared value ranging between $1.20 and $1.399 per kilogram (kg).
It is important to note that countries have the authority to impose bound or Most Favored Nation (MFN) duty rates on imported goods. The bound duty rate for butter substitutes with >45% butterfat, classified under HS Code 99040541, is 21 cents/kg. This means that regardless of any trade barriers being lowered or markets being opened up, the duty rate remains fixed at 21 cents/kg.
Quantity unit for importing and exporting butter substitutes is measured in kilograms (kg). This is the standard unit of measurement used globally for most products, including HS Code 99040541.
Special tariff preference programs are often implemented by countries to promote trade and provide certain benefits to specific products or trading partners. While not explicitly mentioned in the provided data, it is worth noting that butter substitutes may be eligible for such programs, depending on the trade agreements and preferences established between countries.
Importing and exporting of products falling under HS Code 99040541 can occur between different states within the United States. However, the data provided does not specify which states are involved in the import and export of butter substitutes with >45% butterfat. Nonetheless, it is worth highlighting that the United States has a well-established dairy industry with both domestic production and imports playing a significant role in meeting the country's demand for dairy products.
HS Code 99040541 refers to butter substitutes with a butterfat content of more than 45%. These substitutes are classified under specific HS codes and have certain import requirements, including a value safeguard period. The bound duty rate for this HS code is 21 cents/kg, and the quantity unit is measured in kilograms. While not mentioned in the provided data, butter substitutes may be eligible for special tariff preference programs. Importing and exporting of these products can occur between different states within the United States, contributing to the country's dairy industry.