The HS Code 99041829 refers to a specific product category, namely Low Fat Chocolate & Choc. Crumb. This code is used to classify and identify this particular product for international trade purposes. Understanding the HS code system is crucial for importers, exporters, and customs officers to ensure smooth and efficient trade transactions.
The product described by this HS code is a type of chocolate and chocolate crumb that is low in fat. This can be an attractive option for individuals who are conscious of their dietary choices but still want to indulge in the delicious taste of chocolate.
The HS code 99041829 falls under the category 1806.90.28, which is a specific classification for chocolate and other food preparations containing cocoa. This code helps customs authorities and importers/exporters identify and categorize the product accurately, making it easier to calculate duties and taxes.
When importing or exporting goods classified under HS code 99041829, it is important to be aware of the associated duty rates. For this specific product, the bound/MFN (Most Favored Nation) duty rate is 12.4 cents per kilogram. Additionally, a 2% duty is applied every time a country lowers a trade barrier or opens up a market, ensuring fair and equal treatment for all trading partners.
The quantity unit for this product is kilograms (KG). This means that the weight of the product is measured and declared in kilograms during import or export. It is crucial to accurately declare the quantity to ensure compliance with customs regulations and avoid any discrepancies or penalties.
Special tariff preference programs may also apply to the import or export of products classified under HS code 99041829. These programs can provide certain benefits or exemptions for eligible countries or trade agreements. Importing and exporting US states may have specific regulations and requirements for this product, so it is important to research and understand these guidelines to ensure compliance.
the HS Code 99041829 is used to classify and identify Low Fat Chocolate & Choc. Crumb for international trade purposes. This code helps customs authorities, importers, and exporters accurately categorize the product and calculate duties and taxes. Understanding the associated duty rates, quantity unit, and any special tariff preference programs is crucial for smooth and compliant trade transactions.