Swiss or Emmentaler cheese with eye formation falls under the HS code 99040613. This code is used to classify and identify specific goods for international trade. 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 product description of HS code 99040613 is Swiss or Emmentaler cheese with eye formation. This means that the cheese has distinctive holes or eyes throughout its texture, which is a characteristic feature of Swiss and Emmentaler cheeses. The cheese is classified under the subcategory 0406.90.48, further specifying its type and production method.
When importing Swiss or Emmentaler cheese with eye formation under the HS code 99040613, it is important to note that it should be entered during the value safeguard period. The value safeguard period refers to a specific time frame during which certain measures, such as duty rates, are applied to protect the domestic market or maintain fair trade practices.
The value safeguard period for HS code 99040613 is indicated by the price range of $2.10 to $2.299 per kilogram. This means that the cheese imported under this code should fall within this price range to meet the requirements of the value safeguard period.
The bound / MFN (Most Favored Nation) duty rate for HS code 99040613 is 21.2 cents per kilogram. The bound duty rate refers to the maximum rate of duty that a country can impose on imported goods. It serves as a ceiling, ensuring that the duty rate does not exceed a certain level.
The MFN principle states that when 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 principle promotes fair and non-discriminatory trade practices among countries, ensuring equal treatment for all trading partners.
Therefore, any country importing Swiss or Emmentaler cheese with eye formation under the HS code 99040613 should apply a duty rate of 21.2 cents per kilogram, as specified by the bound / MFN duty rate.
The quantity unit for HS code 99040613 is kilograms (KG). This means that the weight of the Swiss or Emmentaler cheese with eye formation should be measured and declared in kilograms when importing or exporting under this HS code.
Using the appropriate quantity unit ensures accurate measurement and facilitates smooth trade transactions. It allows for standardized calculations and proper documentation, enabling efficient customs procedures and trade negotiations.
Special tariff preference programs may apply to imports or exports under the HS code 99040613. These programs are designed to promote and facilitate trade by providing preferential treatment in terms of duty rates or other trade-related benefits.
Importing and exporting US states may have specific special tariff preference programs in place for Swiss or Emmentaler cheese with eye formation. These programs aim to incentivize trade and support domestic industries. It is important for importers and exporters to familiarize themselves with the applicable special tariff preference programs and comply with the necessary requirements.
Examples of special tariff preference programs that may be relevant to HS code 99040613 include free trade agreements, preferential trade arrangements, or regional trade bloc agreements. These programs often involve reduced or zero-duty rates for eligible goods, providing a competitive advantage in the international market.
the HS code 99040613 encompasses Swiss or Emmentaler cheese with eye formation. This code is used to classify and identify the specific product for international trade purposes. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers, exporters, and other stakeholders involved in the global cheese trade.