Butter substitutes with a butterfat content of over 45% fall under HS Code 99040544. These products are classified under subheadings 0405.00.90, 2106.90.26, and 2106.90.36. Additionally, they are subject to a value safeguard period, with an import price ranging from $1.80 to $1.999 per kilogram (KG).
When analyzing the trade of goods, it is essential to consider the Bound/Most Favored Nation (MFN) duty rate. This rate is set at 2.9 cents per kilogram for butter substitutes falling under HS Code 99040544. It is important to note that whenever 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.
The quantity unit for importing and exporting butter substitutes with >45% butterfat is kilograms (KG). This unit of measurement ensures consistency and accuracy in trade transactions.
Furthermore, there are special tariff preference programs that may apply to the importation of products falling under HS Code 99040544. These programs provide specific benefits or reduced duty rates for eligible imports. It is crucial for importers and exporters to be aware of these programs and determine whether they qualify for any applicable preferences.
When importing butter substitutes into the United States, it is essential to consider the specific regulations and requirements of individual states. Different states may have varying importation guidelines, licensing requirements, or additional restrictions. It is advisable to consult with the relevant authorities or seek professional advice to ensure compliance with all necessary regulations.
Similarly, when exporting butter substitutes from the United States, it is crucial to be aware of the regulations and requirements of the destination country. Each country may have its own importation regulations, labeling requirements, or restrictions on certain ingredients. It is essential to research and understand these requirements to facilitate smooth and compliant export transactions.
HS Code 99040544 relates to butter substitutes with over 45% butterfat. The code encompasses specific subheadings and is subject to a value safeguard period. Importers and exporters should be mindful of the Bound/MFN duty rate, quantity unit, and any applicable special tariff preference programs. Additionally, it is important to consider the regulations and requirements of importing and exporting countries, as well as individual US states when dealing with products falling under this HS code.