HS Code 99041907: Infant Formula Containing Oligosaccharides
Infant formula is a crucial product for babies who are unable to breastfeed or require additional nutrition. HS Code 99041907 specifically refers to infant formula containing oligosaccharides, a type of carbohydrate that has shown various health benefits for infants.
The product falls under two subheadings of the Harmonized System (HS) classification: 1901.10.30 and 1901.10.75. These subheadings identify the specific type of infant formula and its composition, allowing for easier identification and classification during international trade.
When importing infant formula under HS Code 99041907, it is important to note that it is subject to a value safeguard period. The value safeguard period for this product ranges from $1.85 to $2.049 per kilogram (KG). This means that the total value of the imported infant formula should fall within this price range to comply with trade regulations.
In terms of duty rates, the bound or Most Favored Nation (MFN) duty rate for HS Code 99041907 is 9.6 cents per kilogram (KG). The MFN duty rate is applied every time a country lowers a trade barrier or opens up a market. It ensures that all trading partners receive the same treatment in terms of import duties for the same goods or services.
The quantity unit for this HS code is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight or quantity of goods being imported or exported.
In addition to the general information about HS Code 99041907, there are also special tariff preference programs that may apply to the import of infant formula containing oligosaccharides. These programs aim to promote trade and economic cooperation between countries by providing preferential treatment in terms of reduced import duties or other benefits.
It is important for both importing and exporting US states to understand the regulations and requirements associated with HS Code 99041907. This knowledge ensures compliance with trade laws and facilitates smooth transactions between trading partners.
HS Code 99041907 pertains to infant formula containing oligosaccharides. This code allows for the accurate classification and identification of the product during international trade. Understanding the specific requirements and regulations associated with this HS code is essential for importers and exporters to ensure compliance and successful trade operations.
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