Infant formula containing oligosaccharides falls under HS Code 99041905. This code is used to classify and identify specific products for international trade purposes. The HS code system is a standardized method of categorizing and classifying goods, ensuring consistency in trade documentation and regulations across the globe.
The product described by HS Code 99041905 is infant formula containing oligosaccharides. Oligosaccharides are complex carbohydrates that are naturally found in breast milk and can also be added to infant formulas to provide additional health benefits.
The specific subcategories of this product fall under codes 1901.10.30 and 1901.10.75. These codes further specify the composition and ingredients of the infant formula, allowing for easy identification and differentiation from other similar products.
It is important to note that the product is entered in a value safeguard period, with a price range of $1.25 to $1.549 per kilogram. This information is crucial for importers and exporters to determine the value and cost of the product when conducting international trade.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99041905 is 25.2 cents per kilogram. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment, promoting fair and non-discriminatory trade practices.
The duty rate acts as a form of taxation on imported goods and helps regulate the flow of goods across borders. Importers must pay this duty rate when bringing in infant formula containing oligosaccharides under HS Code 99041905.
The quantity unit for HS Code 99041905 is kilograms (KG). This unit of measurement is used to quantify the weight or quantity of the imported or exported product. It provides a standardized and uniform method for recording and tracking the amount of infant formula containing oligosaccharides being traded.
Using kilograms as the quantity unit ensures consistency and accuracy in trade data, facilitating efficient logistics and supply chain management.
Special tariff preference programs may be available for products classified under HS Code 99041905. These programs aim to provide certain benefits and advantages to eligible importers or exporters, encouraging trade and economic cooperation between countries.
These programs can include preferential tariff rates, reduced customs procedures, or other incentives to promote the import or export of specific goods. Importers and exporters should explore the availability of such programs to potentially reduce costs or increase competitiveness in the market.
HS Code 99041905 applies to both importing and exporting US states. This means that the code is relevant for businesses and individuals involved in both importing infant formula containing oligosaccharides into the United States and exporting it to other countries.
Understanding the specific regulations and requirements associated with HS Code 99041905 is essential for smooth and compliant trade operations. Importers and exporters should familiarize themselves with the relevant customs procedures, documentation, and any additional regulations imposed by the importing or exporting US states.
HS Code 99041905 classifies infant formula containing oligosaccharides for international trade purposes. It provides a standardized method of categorization, ensuring consistency in trade documentation and regulations. Importers and exporters should be aware of the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS code to ensure compliance and successful trade transactions.