When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and categorizing various products. In this article, we will explore the HS Code 99040647, which pertains to certain cheeses. This code encompasses specific subcategories, including 0406.10.08, 0406.10.88, 0406.20.91, 0406.30.91, and 0406.90.97. Let's delve deeper into the details and implications of this HS Code.
The HS Code 99040647 refers to a variety of cheeses falling under the aforementioned subcategories. These cheeses are subject to a value safeguard period and are priced between $2.10 and $2.299 per kilogram. It is important to note that the value safeguard period ensures the stability of prices and protects domestic producers from sudden market fluctuations.
The duty rate associated with the HS Code 99040647 is 3.3 cents per kilogram. This rate applies whenever a country reduces trade barriers or opens up its market. The principle of Most-Favored Nation (MFN) dictates that any trade barrier reduction or market opening must be extended to all trading partners, ensuring fair and equal treatment for goods and services.
The quantity unit for the HS Code 99040647 is kilograms (KG). This unit of measurement allows for accurate and standardized calculations when importing or exporting the specified cheeses. It is essential for maintaining transparency and consistency in international trade transactions.
In addition to the general duty rate, certain cheeses falling under the HS Code 99040647 may qualify for special tariff preference programs. These programs provide specific benefits and concessions to eligible countries or regions, encouraging trade and fostering economic cooperation.
The HS Code 99040647 facilitates the import and export of certain cheeses between different states within the United States. The importing and exporting states may vary depending on factors such as production capacity, demand, and geographical proximity. It is essential for businesses to understand the regulations and requirements specific to their states when engaging in trade activities related to this HS Code.
Overall, the HS Code 99040647 plays a pivotal role in the international trade of certain cheeses. It provides a standardized system for identifying, categorizing, and regulating these products, ensuring fair treatment and transparency. It is crucial for businesses, importers, exporters, and government authorities to familiarize themselves with the details and implications of this HS Code to facilitate smooth and efficient trade operations.