Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 99040587: Edam & Gouda Cheeses

Edam and Gouda cheeses fall under HS Code 99040587. This code is used to classify these specific types of cheeses for import and export purposes. In this article, we will explore the product description, tariff rates, quantity units, and special tariff preference programs related to HS Code 99040587.

Product Description

The product description for HS Code 99040587 is Edam and Gouda cheeses. These cheeses are classified under various subheadings within the HS Code, including 0406.10.48, 0406.20.48, 0406.20.75, 0406.30.48, and 0406.30.75. These subheadings further specify the type and characteristics of the cheeses being imported or exported.

When entering the value safeguard per, the price range for these cheeses is $1.65 to $1.849 per kilogram.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 99040587 is 32.4 cents per kilogram. The MFN duty rate applies to all countries and is the standard duty rate that is charged unless a country has a preferential trade agreement or special tariff preference program in place.

It is important to note that every time 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. This principle ensures fair and equal treatment for all trading partners.

Quantity Unit

The quantity unit for HS Code 99040587 is kilograms (KG). This means that the weight of the imported or exported cheeses is measured in kilograms.

Special Tariff Preference Programs

There are various special tariff preference programs that may apply to imports or exports of Edam and Gouda cheeses under HS Code 99040587. These programs aim to promote trade and provide benefits to certain countries or regions. Some examples of these programs include:

• Free Trade Agreements (FTAs): These agreements eliminate or reduce tariffs on specified goods between participating countries. The United States has FTAs with several countries, and these agreements may provide preferential treatment for imports or exports of Edam and Gouda cheeses.
• Generalized System of Preferences (GSP): This program provides duty-free treatment for eligible products from designated beneficiary countries. GSP promotes economic growth in developing countries by allowing them to export their goods to developed countries without facing high tariffs.
• Special Tariff Programs: Certain programs may exist for specific industries or products. These programs could offer reduced duty rates or other benefits for imports or exports of Edam and Gouda cheeses.

It is essential for importers and exporters to understand and take advantage of these special tariff preference programs to optimize their trade operations and minimize costs.

HS Code 99040587 represents Edam and Gouda cheeses in international trade. This code provides a standardized classification for these cheeses and helps facilitate trade between countries. Understanding the product description, tariff rates, quantity units, and special tariff preference programs associated with this HS code is crucial for businesses engaged in the import and export of Edam and Gouda cheeses.