Butter substitutes with a butterfat content of over 45% fall under HS Code 99040542. These products are classified under specific tariff lines, namely 0405.00.90, 2106.90.26, and 2106.90.36. They are subject to the value safeguard period and have a price range of $1.40 to $1.599 per kilogram (kg).
When it comes to trade barriers and market openness, countries are expected to maintain fair and equal treatment for all trading partners. The bound or Most Favored Nation (MFN) duty rate for this HS code is 14.9 cents/kg. This means that every time a country reduces a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for measuring these butter substitutes is kilograms (kg). This standard unit is used in international trade to ensure consistency and facilitate accurate measurements.
There are also special tariff preference programs that can affect the import and export of butter substitutes under HS Code 99040542. These programs provide certain countries with preferential treatment, such as reduced tariffs or exemptions, to promote trade and economic cooperation. The specific programs applicable to this HS code may vary depending on the country and trade agreements in place.
Importing and exporting of butter substitutes with 45% butterfat under HS Code 99040542 can occur between different states within the United States. The specific states involved in import and export operations will depend on the location of the businesses and the demand for these products.
Overall, HS Code 99040542 encompasses butter substitutes with a high butterfat content, which are subject to specific tariff lines and regulations. Understanding the HS code system is crucial for importers, exporters, and customs authorities to ensure accurate classification, proper valuation, and adherence to trade agreements.