Infant formula is a crucial product for babies who are unable to breastfeed or need supplemental nutrition. HS Code 99041909 refers to a specific type of infant formula containing oligosaccharides. This code is used for customs classification and trade statistics purposes.
The product description for HS Code 99041909 specifies that the infant formula contains oligosaccharides and is entered under two subheadings - 1901.10.30 and 1901.10.75. These subheadings further classify the product based on its composition and characteristics.
It is important to note that this particular infant formula is subject to a value safeguard period, where the minimum import price is set at $2.25 per kilogram or more. This measure aims to ensure fair competition and protect domestic producers. Importers must adhere to this price requirement when bringing in the product.
The Bound / MFN (Most Favored Nation) duty rate associated with HS Code 99041909 is the rate applied to imports of this product. The MFN principle states that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
In the case of this infant formula, the specific duty rate may vary depending on the country of import. However, the MFN duty rate remains the same for all trading partners. It is essential for importers to be aware of the duty rates applicable in their respective countries to calculate the total cost of importing this product.
The quantity unit for HS Code 99041909 is kilograms (KG). This means that the weight of the infant formula, when imported or exported, is measured in kilograms. The quantity unit is crucial for determining the total quantity of the product being traded and is used for statistical reporting purposes.
Special tariff preference programs may exist for certain products, including infant formula containing oligosaccharides. These programs aim to promote trade and provide preferential treatment to eligible countries or regions.
For example, the United States may have preferential agreements or programs with specific countries, allowing for reduced or zero-duty rates on imports of this infant formula. Importers should research and consult with trade authorities to determine if any special tariff preference programs apply to their specific trade transactions.
HS Code 99041909 applies to both importing and exporting activities involving infant formula containing oligosaccharides. This means that the code is used to classify the product when it enters or leaves the United States.
Importing US states refer to the states within the United States where the infant formula is being brought in from international sources. Exporting US states, on the other hand, are the states from which the infant formula is being shipped to other countries.
It is important for importers and exporters to comply with all relevant regulations and requirements when dealing with HS Code 99041909. Customs documentation, labeling, and quality standards must be adhered to in order to facilitate smooth trade operations.
HS Code 99041909 represents infant formula containing oligosaccharides. This code is used for customs classification, duty rate determination, and trade statistics purposes. Understanding the details and implications of this code is crucial for importers, exporters, and other stakeholders involved in the trade of this specific type of infant formula.