When it comes to international trade, understanding the Harmonized System (HS) codes is crucial. These codes are used to classify and identify goods, allowing for seamless global trade. In this article, we will delve into HS Code 99040620, which pertains to Guyere cheese and Swiss or Emmentaler cheese without eye.
Product Description: HS Code 99040620 encompasses Guyere cheese and Swiss or Emmentaler cheese without eye. These varieties can be found under different subheadings, such as 0406.10.68 and 0406.10.83. The entered value safeguard period for this product ranges from $0.70 to $0.899 per kilogram.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for HS Code 99040620 is 52.8 cents per kilogram. MFN refers to a principle in international trade where a country, upon reducing trade barriers or opening up its market, must extend the same benefits to all its trading partners for the same goods or services.
Quantity Unit: The quantity unit for HS Code 99040620 is kilograms (KG). This standard unit of measurement allows for easy comparison and calculation of trade volumes.
Special Tariff Preference Programs: In addition to the bound duty rate, there may be special tariff preference programs available for the importation of Guyere cheese and Swiss or Emmentaler cheese. These programs aim to promote trade between specific countries or regions by offering reduced or zero tariff rates. Importers should explore the options available to them based on their country of origin and destination.
Importing US States: HS Code 99040620 enables the importation of Guyere cheese and Swiss or Emmentaler cheese into various states within the United States. Importers should familiarize themselves with the specific regulations and requirements of each state to ensure smooth customs clearance and compliance with local laws.
Exporting US States: On the other side of the trade equation, certain US states may specialize in the production and export of Guyere cheese and Swiss or Emmentaler cheese. These states may have specific infrastructure and expertise in place to support the international trade of these products. Exporters should consider partnering with businesses located in these states to leverage their resources and market access.
HS Code 99040620 plays a vital role in facilitating the global trade of Guyere cheese and Swiss or Emmentaler cheese without eye. Importers and exporters should familiarize themselves with the associated regulations, duty rates, and special tariff preference programs to make informed decisions and maximize their trade opportunities.