HS Code 99041903 refers to infant formula containing oligosaccharides, which falls under the category of food products. This code is used for international trade purposes and helps to classify and identify specific goods for customs and statistical purposes. In this article, we will explore the significance of this HS code and provide more information about the product it represents.
Infant formula containing oligosaccharides is a specialized type of formula designed for infants who are unable to breastfeed or require additional nutritional support. Oligosaccharides are complex carbohydrates that naturally occur in breast milk and have been found to have various health benefits for infants. These include supporting the growth of beneficial gut bacteria, boosting the immune system, and promoting healthy digestion.
The inclusion of oligosaccharides in infant formula is a significant development in the field of nutrition, as it aims to provide a closer approximation of the benefits provided by breast milk. This is particularly important for infants who cannot be breastfed or need supplementation. HS Code 99041903 specifically identifies and distinguishes this type of formula from other infant formulas on the market.
When importing or exporting infant formula with oligosaccharides, it is crucial to use the correct HS code to ensure accurate classification and compliance with international trade regulations. This code helps customs authorities and other stakeholders to identify the product, determine applicable duties and tariffs, and track trade statistics.
The product description for HS Code 99041903 is "Infant formula containing oligosaccharides." This code covers infant formula that contains oligosaccharides as an ingredient. The formula can be further classified into two subcategories based on their oligosaccharide content, as indicated by the subheadings 1901.10.30 and 1901.10.75.
The value safeguard period for this product is stated as $0.85-$1.049/kg. This indicates the range of the product's value during a designated period, which may impact the calculation of duties and tariffs.
The bound/MFN (Most Favored Nation) duty rate for HS Code 99041903 is 50.2 cents/kg. The MFN duty rate is the standard rate that applies to imports and exports between countries that have not entered into any preferential trade agreements. It is important to note that duty rates can vary depending on trade agreements and preferential tariff programs between countries.
The quantity unit for HS Code 99041903 is kilograms (KG). This unit is used to measure the weight or quantity of the infant formula being imported or exported.
Special tariff preference programs may be available for infant formula with oligosaccharides, depending on the country of import or export. These programs provide certain benefits and concessions to eligible products, such as reduced or eliminated duties. It is essential for importers and exporters to be aware of any applicable trade preference programs to take advantage of cost savings and market opportunities.
HS Code 99041903 plays a vital role in the international trade of infant formula containing oligosaccharides. By using this code, importers and exporters can accurately classify and identify the product, determine applicable duties and tariffs, and comply with trade regulations. The inclusion of oligosaccharides in infant formula represents an important advancement in infant nutrition, aiming to provide additional health benefits similar to those found in breast milk. Understanding and utilizing HS Code 99041903 is crucial for businesses involved in the import and export of this specialized product.