Swiss or Emmentaler cheese with eye formation falls under the HS Code 99040608. This code is used to classify and identify this specific type of cheese for import and export purposes. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs related to HS Code 99040608.
The product description for HS Code 99040608 is Swiss or Emmentaler cheese with eye formation. This type of cheese is known for its distinctive appearance, characterized by the presence of large holes or "eyes" throughout the cheese. It is a popular variety of cheese that is enjoyed for its rich flavor and creamy texture.
Swiss or Emmentaler cheese with eye formation is classified under the subheading 0406.90.48. This subheading further specifies the type of cheese within the broader category of cheese and curd products. When importing this cheese, it is important to ensure that it is correctly classified under the appropriate subheading.
Furthermore, it is worth noting that Swiss or Emmentaler cheese with eye formation may be subject to a value safeguard period. This means that certain measures may be put in place to protect the domestic market from an influx of imports that could harm local producers. The value safeguard period for this product is set at a price range of $1.10 to $1.299 per kilogram.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99040608 is 66 cents per kilogram. This duty rate applies to every unit of this cheese that is imported or exported. The concept of the MFN duty rate means that whenever 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 duty rate is important to consider when engaging in international trade of Swiss or Emmentaler cheese with eye formation. Importers and exporters should be aware of the applicable duty rate and factor it into the overall cost of the product.
The quantity unit for HS Code 99040608 is kilograms (KG). This means that the weight of the Swiss or Emmentaler cheese with eye formation is measured and recorded in kilograms. It is important to accurately determine the weight of the cheese when importing or exporting to ensure compliance with customs regulations and accurate pricing.
Special tariff preference programs may be available for Swiss or Emmentaler cheese with eye formation under HS Code 99040608. These programs are designed to provide certain benefits or concessions to importers or exporters, making the trade of specific goods more favorable.
It is important to research and understand the specific tariff preference programs that may apply to HS Code 99040608. These programs can vary depending on the country of import or export, as well as the trade agreements in place between countries. Taking advantage of these programs can lead to cost savings and increased competitiveness in the international market.
HS Code 99040608 is used to classify Swiss or Emmentaler cheese with eye formation for import and export purposes. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for businesses engaged in the international trade of this cheese.
By accurately classifying and documenting the Swiss or Emmentaler cheese with eye formation under HS Code 99040608, importers and exporters can ensure compliance with customs regulations, calculate the applicable duty rates, and potentially take advantage of special tariff preference programs. This knowledge and understanding contribute to successful and efficient international trade operations.