The HS Code 99040640 refers to certain cheeses that fall under multiple subheadings in the Harmonized System (HS) classification. These subheadings include 0406.10.08, 0406.10.88, 0406.20.91, 0406.30.91, and 0406.90.97. These cheeses are subject to specific regulations and duty rates when imported or exported.
In this article, we will explore the details of HS Code 99040640, including the product description, duty rates, quantity unit, and special tariff preference programs associated with it.
The product description for HS Code 99040640 is certain cheeses. These cheeses include various types and varieties falling under the mentioned subheadings. The specific subheadings indicate the classification of the cheeses based on their characteristics, ingredients, or production methods.
It is important to note that these cheeses are entered in the value safeguard period, which means there are specific measures in place to protect the domestic cheese industry from sudden surges in imports. The value safeguard period for these cheeses is within the price range of $0.70 to $0.899 per kilogram.
The bound duty rate for HS Code 99040640 is 62.9 cents per kilogram. The Most Favored Nation (MFN) duty rate refers to the rate applied to imports from all trading partners. This rate applies whenever a country lowers a trade barrier or opens up a market for goods or services.
It is crucial for countries to maintain the principle of national treatment, which means treating imported goods or services no less favorably than domestic ones. This ensures fair and equal opportunities for both domestic and international businesses.
The quantity unit for HS Code 99040640 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported cheeses classified under the mentioned subheadings. It helps in calculating various factors such as duty rates, pricing, and logistics.
Special tariff preference programs may be applicable to HS Code 99040640 cheeses based on bilateral or multilateral trade agreements between countries. These programs aim to provide certain benefits, such as reduced duty rates or exemptions, to promote trade and economic cooperation.
Importing US states and exporting US states may have specific arrangements or preferences when it comes to HS Code 99040640. These preferences can vary based on factors such as geographic proximity, trade volumes, or specific trade agreements.
It is advisable for importers and exporters of these cheeses to stay updated with the latest information regarding special tariff preference programs and any changes in regulations or duty rates.
HS Code 99040640 covers certain cheeses falling under multiple subheadings in the HS classification. These cheeses are subject to specific regulations, duty rates, and special tariff preference programs. Importers and exporters should familiarize themselves with the details of this HS code to ensure compliance and maximize opportunities in the cheese trade sector.