Italian-type cheeses fall under HS Code 99040604. This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The HS Code 99040604 is assigned to Italian-type cheeses. These cheeses can include various types, such as Parmesan, Mozzarella, Romano, and Provolone. They are categorized under different subheadings within the HS code, including 0406.10.58, 0406.20.53, 0406.20.79, 0406.30.79, 0406.90.33, and more.
Italian-type cheeses are known for their distinct flavors and textures, which are often used in various culinary dishes around the world. They are made using traditional Italian cheese-making techniques and are highly sought after for their quality and taste.
When importing Italian-type cheeses under the HS Code 99040604, they may be subject to a value safeguard measure. This means that the imported cheeses must have a value of $3.35 per kilogram or more. This safeguard is implemented to protect domestic cheese producers and ensure fair competition in the market.
By setting a minimum value requirement, countries can prevent the importation of cheaper and potentially lower-quality cheeses that could undermine the local industry.
The bound / MFN (Most Favored Nation) duty rate for Italian-type cheeses under HS Code 99040604 varies depending on the country. The MFN principle ensures 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 means that the duty rates applied to Italian-type cheeses should be consistent and fair for all countries. It promotes equal treatment among trading partners and prevents discriminatory practices.
The quantity unit for Italian-type cheeses imported under HS Code 99040604 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported.
When assessing the quantity of Italian-type cheeses, both importers and exporters need to accurately measure the weight in kilograms to determine the cost, logistics, and compliance with any applicable regulations.
There are various special tariff preference programs that may apply to Italian-type cheeses under HS Code 99040604. These programs aim to promote trade, economic development, and cooperation among countries.
For example, the United States may have preferential trade agreements or free trade agreements with certain countries, allowing Italian-type cheeses to be imported at reduced or zero tariff rates. These programs enhance market access, reduce trade barriers, and foster international trade relationships.
It is important for importers and exporters to stay informed about the specific tariff preference programs available for Italian-type cheeses under HS Code 99040604. This knowledge can help them take advantage of cost savings and competitive advantages in the global cheese market.
HS Code 99040604 is used to classify Italian-type cheeses for international trade purposes. It provides a standardized system for identifying and categorizing these products, ensuring fair trade practices and facilitating global commerce. Importers and exporters should be familiar with the details of this HS code to comply with regulations, benefit from tariff preferences, and contribute to the growth of the cheese industry.