When it comes to international trade, having a standardized system for classifying goods is crucial. This is where the Harmonized System (HS) codes come into play. HS Code 99040639 is specifically assigned to certain types of cheeses, and it plays a significant role in the import and export of these products.
HS Code 99040639 is further broken down into subcategories, including 0406.10.08, 0406.10.88, 0406.20.91, 0406.30.91, and 0406.90.97. These subcategories help provide more specific information about the different types of cheeses being traded.
One important aspect to note is that the cheeses falling under HS Code 99040639 are subject to a value safeguard period, with a price range of $0.50 to $0.699 per kilogram. This means that any imports or exports of these cheeses must adhere to the set value range.
Another crucial factor in international trade is the bound / Most Favored Nation (MFN) duty rate. The bound duty rate for HS Code 99040639 is 76.9 cents per kilogram. The bound duty rate refers to the maximum tariff rate that a country can impose on a particular product. It is important to note that any trade barriers or market openings must apply equally to all trading partners.
The unit of measurement for HS Code 99040639 is kilograms (KG). This ensures consistency and uniformity in the trade of cheeses falling under this code. It allows for accurate measurement and pricing calculations, making it easier for importers and exporters to conduct business.
Special tariff preference programs may also come into play when dealing with HS Code 99040639. These programs offer preferential treatment in the form of reduced or eliminated tariffs for certain goods. It is worth exploring whether any special tariff preference programs apply to the import or export of cheeses under this HS code. Utilizing such programs can significantly benefit traders and promote international commerce.
It is important to highlight that HS Code 99040639 specifically applies to the importation and exportation of cheeses. Therefore, it is crucial for importers and exporters to familiarize themselves with this code to ensure compliance with trade regulations and standards.
HS Code 99040639 plays a vital role in the international trade of certain cheeses. It provides a standardized classification system, ensures fair trade practices, and facilitates accurate measurement and pricing. Understanding and adhering to this HS code is essential for importers, exporters, and all stakeholders involved in the cheese trade.