Italian-type cheeses are a delicacy enjoyed by people all over the world. These cheeses are known for their unique flavors, textures, and culinary uses. In order to facilitate international trade and ensure proper classification, the World Customs Organization (WCO) has assigned a specific HS code to Italian-type cheeses - HS Code 99040596.
HS codes are a standardized system used globally to classify and categorize products for customs and statistical purposes. They consist of a series of numbers and are used by customs authorities to determine the appropriate duties and regulations that apply to specific products.
The HS Code 99040596 specifically refers to Italian-type cheeses, which fall under various subcategories within the broader cheese category. These subcategories include 0406.10.58, 0406.20.53, 0406.20.79, 0406.30.79, 0406.90.33, and others. Each subcategory may represent a different type or variation of Italian cheese, each with its own distinct characteristics.
When importing Italian-type cheeses with HS Code 99040596, it is important to consider the value safeguard per. This refers to the price range at which these cheeses are entered into the market. In the case of HS Code 99040596, the value safeguard per is set at $1.15-$1.449 per kilogram. This range helps to ensure fair pricing and prevents the market from being flooded with cheap or inferior products.
Furthermore, it is crucial to understand the bound or Most Favored Nation (MFN) duty rate associated with HS Code 99040596. The bound duty rate for this HS code is 77.9 cents per kilogram. This means that every time a country lowers a trade barrier or opens up a market, it must do so for Italian-type cheeses from all its trading partners. This principle of non-discrimination ensures equal treatment for all countries involved in international trade.
Italian-type cheeses imported under HS Code 99040596 are typically measured in kilograms (KG) as the quantity unit. This standard unit of measurement allows for easy calculation and consistency in trade transactions.
In addition, there are various special tariff preference programs that may apply to Italian-type cheeses imported under HS Code 99040596. These programs offer reduced or eliminated duties for eligible imports, encouraging trade and promoting economic cooperation between countries. Importing US states may have specific programs in place to support the importation of Italian-type cheeses, while exporting US states may benefit from these programs when exporting their products.
HS Code 99040596 plays a crucial role in the classification and regulation of Italian-type cheeses in international trade. Its specific designation ensures that these cheeses are properly identified, priced, and treated in accordance with global standards. Understanding the details and implications of this HS code is essential for both importers and exporters of Italian-type cheeses, as it facilitates a smooth and fair trading environment.