HS Code 99040564 refers to Cheddar cheese, which falls under the broader category of dairy products. Cheddar cheese is a popular type of cheese known for its distinct flavor and versatility in various culinary applications. In this article, we will explore the details of HS Code 99040564, its product description, tariff rates, and other relevant information.
The product description for HS Code 99040564 specifies Cheddar cheese, which is further categorized into different subheadings. These subheadings include 0406.10.28, 0406.20.33, 0406.20.67, 0406.30.28, 0406.30.67, and so on. These subheadings provide a more specific classification for different types or variations of Cheddar cheese.
Cheddar cheese is a semi-hard cheese that originated in the English village of Cheddar. It is made from cow's milk and undergoes the process of cheddaring, which involves stacking and turning the curds to create a unique texture and flavor. Cheddar cheese is known for its rich, creamy taste and is widely used in various dishes, including sandwiches, burgers, pasta, and more.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99040564 is 27.7 cents per kilogram (KG). The duty rate represents the amount of tax or tariff imposed on the imported Cheddar cheese. It is essential to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that all trading partners receive the same treatment for their goods or services.
Trade barriers can include various measures such as tariffs, quotas, or restrictions on imports. By lowering these barriers, countries promote fair and equal trading opportunities for all parties involved. The bound / MFN duty rate for Cheddar cheese helps maintain consistency in trade practices and ensures a level playing field for all trading partners.
The quantity unit for HS Code 99040564 is kilograms (KG). Kilogram is the standard unit used to measure the weight or quantity of Cheddar cheese being imported or exported. This unit allows for accurate and consistent measurements, facilitating transparent trade transactions.
Special tariff preference programs may be available for Cheddar cheese imports under HS Code 99040564. These programs are designed to provide certain benefits or concessions to eligible importers or exporters. The specific programs may vary based on the countries involved in the trade.
Importing US states and exporting US states play a crucial role in determining the applicability of special tariff preference programs for Cheddar cheese imports. These programs aim to promote trade relationships, stimulate economic growth, and enhance market access for specific goods or services.
HS Code 99040564 represents Cheddar cheese, a popular and versatile dairy product. Understanding the product description, tariff rates, and quantity unit associated with this HS Code is essential for importers, exporters, and trade authorities. By adhering to the bound / MFN duty rate and exploring special tariff preference programs, countries can foster fair and mutually beneficial trade practices. Whether it's for culinary purposes or economic considerations, Cheddar cheese continues to be a sought-after commodity in international trade.