American-type cheese, classified under HS Code 99040576, is a popular dairy product that is enjoyed by people all around the world. In this article, we will delve into the details of this HS code, its product description, tariff rates, and special tariff preference programs.
American-type cheese falls under several subcategories within the HS code classification. These include 0406.10.38, 0406.20.39, 0406.20.71, 0406.30.38, 0406.30.71, and others. This classification system helps in identifying and categorizing different products for international trade purposes. American-type cheese is known for its smooth and creamy texture, making it a favorite in various culinary applications.
When imported, American-type cheese is subject to a value safeguard per kilogram. The price range for this cheese falls between $0.70 and $0.899 per kilogram. It is important to note that these prices may vary depending on the market conditions and other factors.
The bound / MFN (Most Favored Nation) duty rate for American-type cheese is 28.5 cents per kilogram. This duty rate is applied every time a country lowers a trade barrier or opens up a market. The principle behind this is to ensure that all trading partners receive the same treatment when it comes to the import and export of goods and services. It promotes fairness and equal opportunities in international trade.
The quantity unit for American-type cheese, as indicated by the HS code, is kilograms (KG). This measurement unit is commonly used in international trade to standardize the quantity of goods being imported or exported. Kilograms provide a universal measurement that is easily understood and recognized by traders worldwide.
Special tariff preference programs may be available for American-type cheese, depending on the importing and exporting countries involved. These programs aim to encourage trade between specific countries by offering reduced or zero-duty rates for certain products. It is important for importers and exporters to stay updated on these programs to take advantage of any available benefits.
American-type cheese, classified under HS Code 99040576, is a delicious and versatile dairy product with a specific product description and tariff rates. Understanding the HS code and its implications is crucial for importers and exporters to ensure compliance with international trade regulations. By staying informed about special tariff preference programs, traders can maximize the benefits of trading American-type cheese and other goods.