Italian-type cheeses are a popular delicacy enjoyed by people all around the world. These cheeses are known for their distinct flavors and textures, which are achieved through traditional production methods and high-quality ingredients. In order to facilitate international trade and ensure fair competition, the World Customs Organization (WCO) has assigned a Harmonized System (HS) code, specifically HS Code 99040602, to Italian-type cheeses.
The HS code system is a standardized international classification system used to categorize and identify traded products. HS codes consist of a six-digit number, followed by additional digits for more specific classification. In the case of Italian-type cheeses, the HS code includes various subcategories such as 0406.10.58, 0406.20.53, 0406.20.79, 0406.30.79, 0406.90.33, and more.
When importing Italian-type cheeses, it is important to be aware of the value safeguard per. This refers to the minimum value at which these cheeses should be entered for customs purposes. For HS Code 99040602, the value safeguard per is set at $2.95-$3.149 per kilogram. This information helps customs authorities determine the appropriate import duties and taxes.
Speaking of duties, the bound or Most Favored Nation (MFN) duty rate for Italian-type cheeses under HS Code 99040602 is 8.6 cents per kilogram. The MFN duty rate is the maximum rate that a country can impose on imports of a particular product, regardless of its trading partners. It ensures that all countries are treated equally when it comes to trade barriers and market access.
Italian-type cheeses are typically traded and measured in kilograms (KG). This quantity unit is used to determine the weight of the product for customs purposes. Whether you are importing or exporting Italian-type cheeses, it is important to accurately declare the quantity in kilograms to comply with customs regulations.
Special tariff preference programs may also be available for Italian-type cheeses under HS Code 99040602. These programs provide certain benefits, such as reduced import duties or streamlined customs procedures, to encourage trade between specific countries or regions. Importing and exporting US states may have different preferences and regulations when it comes to Italian-type cheeses, so it is crucial to stay informed about the specific requirements of each state.
Italian-type cheeses classified under HS Code 99040602 are a valuable and sought-after product in the international market. The HS code system provides a standardized way to categorize and identify these cheeses for customs purposes. Understanding the value safeguard per, MFN duty rate, quantity unit, and special tariff preference programs is essential for smooth and compliant trade. By adhering to these regulations, importers and exporters can contribute to fair and transparent global trade of Italian-type cheeses.