The HS Code 99041820 refers to low fat chocolate and chocolate crumb imported into the United States. This code is used to classify and track this specific product for various purposes, including trade statistics, tariffs, and regulations.
The product description for HS Code 99041820 is "Low fat chocolate & choc. crumb, in 1806.20.36, 1806.20.38, 1806.20.87, etc, entered in value safeguard period, $0.20-$0.399/kg." This indicates that the low fat chocolate and chocolate crumb falls under specific subheadings within the broader category of 1806.20.36, 1806.20.38, 1806.20.87, and others. Additionally, it mentions that the product is subject to a value safeguard period with a price range of $0.20 to $0.399 per kilogram.
When importing goods under HS Code 99041820, it is important to be aware of the bound / MFN (Most Favored Nation) duty rate. The duty rate for this product is 32.4 cents per kilogram. This means 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.
The quantity unit for HS Code 99041820 is kilograms (KG). This unit of measurement is used to track the weight of the imported low fat chocolate and chocolate crumb.
There are also special tariff preference programs that may apply to imports under HS Code 99041820. These programs provide certain benefits, such as reduced or zero-duty rates, to eligible countries or products. Importers should explore these programs to take advantage of any available benefits.
When it comes to importing low fat chocolate and chocolate crumb into the United States, it is essential to consider the specific rules and regulations of both the importing and exporting states. Different states may have additional requirements or restrictions for this product, and it is crucial to comply with all applicable laws to ensure a smooth import process.
HS Code 99041820 represents low fat chocolate and chocolate crumb being imported into the United States. This code helps classify and regulate the product, including determining the duty rate, quantity unit, and any special tariff preference programs. Understanding and complying with the regulations related to this HS Code is essential for importers to ensure a successful and compliant importation process.