Infant formula is a crucial product for providing necessary nutrition to babies who are unable to breastfeed or have limited access to breast milk. The World Health Organization (WHO) recommends that infants be exclusively breastfed for the first six months of their lives, but in cases where this is not possible, infant formula becomes an essential alternative.
HS Code 99041906 specifically refers to infant formula containing oligosaccharides. Oligosaccharides are a type of carbohydrate that occurs naturally in breast milk. They are known to have various health benefits for infants, including supporting the growth of beneficial gut bacteria and boosting the immune system.
This particular HS code covers infant formula that falls under two subcategories: 1901.10.30 and 1901.10.75. These subcategories are used to classify different types of food preparations for infants, including infant formula. The inclusion of oligosaccharides in the formula makes it a specialized product aimed at providing additional health benefits to infants.
When importing infant formula with the HS code 99041906, it is important to note that it falls under the value safeguard period. This means that the product has a specific value range, which in this case is $1.55 to $1.849 per kilogram. The value safeguard period is a mechanism put in place to ensure fair trade practices and prevent dumping of goods below their market value.
Furthermore, the bound/MFN (Most Favored Nation) duty rate for HS Code 99041906 is 15.6 cents per kilogram. The bound duty rate represents the maximum tariff rate that a country can impose on the import of a particular product. The MFN duty rate ensures that any trade barriers or market openings apply equally to all trading partners.
The quantity unit for HS Code 99041906 is kilograms (KG). This means that the product is measured and traded by weight. The use of kilograms as the quantity unit is standard in international trade, allowing for consistency and ease of measurement.
In addition to the general import regulations, there are special tariff preference programs that may apply to the import of infant formula with HS Code 99041906. These programs are designed to promote trade and provide certain benefits or exemptions to eligible importers. It is important for importers to familiarize themselves with these programs and determine if they qualify for any special tariff preferences.
When it comes to the importing and exporting of infant formula with HS Code 99041906, it is essential to consider the specific regulations and requirements of both the importing and exporting US states. Each state may have its own set of regulations and restrictions when it comes to the import and export of infant formula. Compliance with these regulations is crucial to ensure smooth trade operations and avoid any legal issues.
HS Code 99041906 represents infant formula containing oligosaccharides, a specialized product aimed at providing additional health benefits to infants. This code is used for classification, valuation, and regulation purposes in international trade. Importers and exporters of infant formula with this HS code should be aware of the specific regulations, duty rates, and special tariff preference programs that apply to ensure compliance and facilitate trade.