The HS Code 99040616 refers to Swiss or Emmentaler cheese with eye formation. This particular type of cheese falls under the category of 0406.90.48 in the Harmonized System (HS) of product classification. The code is used by customs authorities worldwide to classify and track imports and exports of goods.
Swiss or Emmentaler cheese is known for its distinctive eye formation, which are the holes or air pockets that develop during the cheese-making process. These holes are formed by bacteria that release carbon dioxide gas as they consume the lactic acid produced by the cheese culture.
When this cheese is imported into the United States, it falls under a value safeguard period. During this period, the cheese is subject to a specific price range of $2.70 to $2.899 per kilogram. This safeguard period is put in place to protect domestic producers from sudden increases in imports that could harm their business.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99040616 is 3.2 cents per kilogram. The MFN duty rate is the lowest tariff rate that a country agrees to apply to imports from all its trading partners. It ensures that any trade barriers or market openings are applied equally to the same goods or services from all countries.
It is important to note that the HS code is not only used for customs purposes but also plays a significant role in trade negotiations, market access, and tariff calculations. It provides a standardized method of classifying products and helps ensure fair and transparent trade practices.
When importing Swiss or Emmentaler cheese with eye formation into the United States, the quantity unit used is kilograms (KG). This unit of measurement is commonly used in international trade for goods that are sold or transported by weight.
There are also special tariff preference programs that may apply to HS Code 99040616. These programs provide certain benefits or reduced tariff rates for imports from specific countries or regions. Importers should be aware of any applicable programs and take advantage of them to reduce costs and increase competitiveness in the market.
HS Code 99040616 refers to Swiss or Emmentaler cheese with eye formation. It is classified under 0406.90.48 in the HS system and is subject to a value safeguard period when imported into the United States. The bound or MFN duty rate is 3.2 cents per kilogram, and the quantity unit used is kilograms (KG). Importers should also be aware of any special tariff preference programs that may apply to this particular HS code.