HS Code 99040617 refers to Swiss or Emmentaler cheese with eye formation, imported under the category 0406.90.48. This article aims to provide an in-depth understanding of the product, its import regulations, and other relevant information.
Swiss or Emmentaler cheese with eye formation falls under HS Code 99040617. This cheese is known for its distinctive large, round holes throughout the cheese. It is a type of hard cheese that originated in Switzerland and is now popular worldwide.
When imported under HS Code 99040617, the cheese must meet specific requirements. It should be entered in the value safeguard period, which means the cheese must have a value of $2.90 or more per kilogram. This ensures that only high-quality cheese is imported under this HS code.
The Bound / MFN (Most Favored Nation) duty rate is the standard duty rate applied to imports under HS Code 99040617. The MFN principle states 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.
As there is no additional duty mentioned for this specific HS code, the applicable duty rate will be the standard rate set for Swiss or Emmentaler cheese imports. Importers should consult the customs authorities or tariff databases of the importing country to determine the exact duty rate.
The quantity unit for HS Code 99040617 is kilograms (KG). This means that the weight of the imported cheese should be measured and declared in kilograms. The quantity unit is essential for accurate customs valuation and trade statistics.
Special tariff preference programs may be available for Swiss or Emmentaler cheese imports under HS Code 99040617. These programs are designed to promote trade and provide tariff concessions or exemptions to specific countries or regions.
Importing US states and exporting US states may participate in special tariff preference programs that offer reduced or zero-duty rates for Swiss or Emmentaler cheese imports. Importers should research and consult with relevant trade authorities to determine if any such programs apply to their specific trade transactions.
HS Code 99040617 covers the importation of Swiss or Emmentaler cheese with eye formation. Importers should ensure that the cheese meets the requirements of the value safeguard period and understand the applicable duty rates. The quantity unit for this HS code is kilograms, and importers should be aware of any special tariff preference programs that may provide benefits or concessions. By following the regulations and taking advantage of available programs, importers can successfully navigate the importation process for Swiss or Emmentaler cheese.