Edam and Gouda cheeses are popular dairy products enjoyed by people all over the world. The HS Code 99040589 refers to these cheeses and provides a standardized system for classifying and tracking them in international trade. In this article, we will explore the product description, tariff rates, quantity units, and special tariff preference programs associated with HS Code 99040589.
Under HS Code 99040589, Edam and Gouda cheeses are categorized under several subheadings, including 0406.10.48, 0406.20.48, 0406.20.75, 0406.30.48, 0406.30.75, and more. These subheadings help to further classify the specific types and variations of Edam and Gouda cheeses being imported or exported.
When entering the market, the value of Edam and Gouda cheeses is safeguarded at a range of $2.05 to $2.249 per kilogram. This value safeguard ensures fair trade practices and protects the interests of both importers and exporters.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99040589 is 19 cents per kilogram. This rate is applicable whenever a country lowers a trade barrier or opens up its market. It ensures that any changes in trade policies are implemented uniformly for all trading partners, ensuring fair and equal treatment.
By setting a standardized duty rate, countries can promote transparency and predictability in international trade. Importers and exporters can plan their business strategies accordingly, knowing the fixed duty rate associated with HS Code 99040589.
The quantity unit for HS Code 99040589 is kilograms (KG). This unit of measurement is used to determine the weight of Edam and Gouda cheeses being imported or exported. It provides a standard basis for calculating costs, logistics, and other aspects of international trade.
Using kilograms as the quantity unit allows for easy comparison and tracking of the volume of Edam and Gouda cheeses traded globally. It simplifies the documentation and ensures accurate measurement, facilitating smooth trade operations.
Special tariff preference programs may be available for Edam and Gouda cheeses under HS Code 99040589. These programs provide certain benefits and concessions to importers or exporters based on specific criteria. They aim to promote trade, economic growth, and partnerships between countries.
Importing and exporting US states may have different special tariff preference programs for Edam and Gouda cheeses. These programs can include duty-free or reduced-duty rates, quota allocations, or preferential treatment based on regional trade agreements or bilateral agreements.
It is essential for importers and exporters to stay updated on the special tariff preference programs applicable to HS Code 99040589. This knowledge can help them leverage the available benefits and optimize their trade operations.
HS Code 99040589 encompasses Edam and Gouda cheeses, providing a standardized classification for these dairy products in international trade. Understanding the product description, bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS Code is crucial for importers and exporters.
By adhering to the regulations and leveraging the available benefits, businesses can enhance their competitiveness, expand their market reach, and contribute to the growth of the global trade in Edam and Gouda cheeses.