Cheddar cheese, a popular dairy product loved by many, has a specific HS (Harmonized System) code for import purposes. The HS code assigned to cheddar cheese is 99040560. In this article, we will delve into the details of this code and provide you with valuable information about cheddar cheese imports.
The product description for HS Code 99040560 refers to cheddar cheese imported under various subcategories:
These subcategories represent different types or forms of cheddar cheese. It is important to note that the HS code specifically identifies cheddar cheese and distinguishes it from other types of cheese.
The entered value safe period for cheddar cheese under HS Code 99040560 ranges from $0.65 to $0.749 per kilogram (KG). This value represents the declared or assessed value of the imported cheddar cheese, which is used to determine customs duties and taxes.
The bound or Most Favored Nation (MFN) duty rate for cheddar cheese under HS Code 99040560 is 50.2 cents per kilogram (KG). This duty rate is applicable whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment.
The quantity unit for cheddar cheese imports under HS Code 99040560 is kilograms (KG). This unit of measure is used to quantify the weight or mass of the imported cheddar cheese. It is essential for accurate customs declaration and calculation of duties.
Cheddar cheese imports under HS Code 99040560 may also be eligible for special tariff preference programs. These programs provide certain benefits or tariff reductions to encourage trade between specific countries or within regional trade agreements.
Cheddar cheese imports under HS Code 99040560 can be imported into various states within the United States. Similarly, these imports can also be exported from different US states to other countries. The specific states involved in importing and exporting cheddar cheese vary based on market demand, production capabilities, and trade dynamics.
HS Code 99040560 is assigned to cheddar cheese imports and encompasses various subcategories, entered value safe period, bound / MFN duty rate, quantity unit, and potential eligibility for special tariff preference programs. Understanding this HS code is crucial for importers, exporters, and customs authorities involved in the cheddar cheese trade.
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