Swiss or Emmentaler cheese with eye formation falls under the HS code 99040611. This code is used to classify and track this specific type of cheese in international trade. Understanding the HS code system is essential for businesses involved in import and export as it helps in categorizing products for customs purposes and ensures uniformity in trade across different countries.
The product description of Swiss or Emmentaler cheese with eye formation, under the HS code 99040611, specifies that it is classified within the broader category of cheese, which is further divided into various subcategories based on specific characteristics. In this case, the cheese is characterized by the presence of eye formations, which are the distinctive holes commonly found in Swiss or Emmentaler cheese.
When importing Swiss or Emmentaler cheese with eye formation under the HS code 99040611, it is important to note that it falls under the 0406.90.48 subcategory. This subcategory further classifies the cheese based on its specific characteristics and helps in determining the appropriate duty rates and regulations applicable to its importation.
The value safeguard period is another important aspect to consider when dealing with the HS code 99040611. For this product, the safeguard period refers to a specific time frame during which the importation of Swiss or Emmentaler cheese with eye formation may be subject to certain restrictions or regulations. In this case, the value safeguard period is specified as $1.70-$1.899 per kilogram.
The bound/MFN duty rate for Swiss or Emmentaler cheese with eye formation, under the HS code 99040611, is 35.3 cents per kilogram. The bound duty rate represents the maximum rate at which a product can be taxed when imported into a country. It is important to note that the bound duty rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that any trade barriers or market openings are applied equally to all trading partners.
The quantity unit for Swiss or Emmentaler cheese with eye formation, under the HS code 99040611, is kilograms (KG). This unit of measurement is used to quantify the weight or quantity of the imported cheese. It is essential for accurate calculation of duties, taxes, and other trade-related costs.
Special tariff preference programs may also apply to the importation of Swiss or Emmentaler cheese with eye formation under the HS code 99040611. These programs provide certain benefits or exemptions for specific products based on their origin, intended use, or other criteria. It is important for importers to explore and understand any available special tariff preference programs to optimize their import costs and competitiveness in the market.
the HS code 99040611 is used to classify and track Swiss or Emmentaler cheese with eye formation in international trade. It provides specific information about the product, including its subcategory, value safeguard period, bound duty rate, quantity unit, and potential eligibility for special tariff preference programs. Understanding and correctly applying the HS code system is crucial for businesses involved in importing or exporting this specific type of cheese.