HS Code 99040561 refers specifically to cheddar cheese and is used to classify and categorize the product for customs purposes. This code ensures that the product is identified correctly and allows for easier tracking and regulation of trade.
Product Description: Cheddar cheese falls under multiple subheadings within the HS Code system, namely 0406.10.28, 0406.20.33, 0406.20.67, 0406.30.28, 0406.30.67, and so on. These subheadings further specify the type and characteristics of cheddar cheese being imported or exported.
Bound / MFN Duty Rate: The duty rate associated with HS Code 99040561 is 43.2 cents per kilogram (kg). It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. In accordance with the principle of Most Favored Nation (MFN), any trade concessions granted to one country must be extended to all trading partners.
Quantity Unit: The quantity unit for cheddar cheese as per HS Code 99040561 is kilograms (kg). This unit of measurement allows for accurate tracking and valuation of the product during import or export processes.
Special Tariff Preference Programs: Depending on the specific trade agreements and partnerships between countries, special tariff preference programs may be available for cheddar cheese imports and exports. These programs aim to promote trade and provide certain benefits, such as reduced duty rates or exemptions, to eligible countries. Importers and exporters should be aware of any applicable programs to optimize their trade operations.
Importing US States: Cheddar cheese can be imported into various states within the United States. Some of the major importing states include California, New York, Wisconsin, Illinois, and Texas. The choice of importing state may depend on factors such as market demand, logistical advantages, and regulatory requirements.
Exporting US States: The United States is a significant exporter of cheddar cheese to various countries around the world. Major exporting states include Wisconsin, California, New York, Idaho, and Vermont. These states have established a strong reputation for producing high-quality cheddar cheese, making them desirable sources for international buyers.
HS Code 99040561 plays a crucial role in the import and export of cheddar cheese. Understanding this code, along with the associated information, enables businesses to navigate the international trade landscape more effectively. Whether you are an importer or exporter of cheddar cheese, staying informed about HS codes and related trade regulations is essential for a successful and compliant trade operation.