HS Code 99041910: Infant Formula Containing Oligosaccharides
Infant formula is a specially formulated food product designed to provide essential nutrients to infants who are not breastfed or require additional supplementation. One particular type of infant formula is the one containing oligosaccharides, which are complex carbohydrates that have been shown to have various health benefits for infants.
HS Code 99041910 specifically refers to infant formula containing oligosaccharides, and it is classified under two subheadings - 1901.10.30 and 1901.10.75. This code is used for customs purposes to identify and classify this specific product during international trade.
The inclusion of oligosaccharides in infant formula has gained significant attention in recent years due to their potential health benefits. Oligosaccharides are known to act as prebiotics, which means they promote the growth of beneficial bacteria in the infant's gut. These beneficial bacteria, in turn, help support a healthy digestive system and strengthen the immune system.
The use of HS Code 99041910 ensures that customs authorities can easily identify and track the import and export of infant formula containing oligosaccharides. This code allows for efficient customs clearance and accurate data collection on trade flows, which can be used for various analytical purposes.
When importing or exporting infant formula containing oligosaccharides, it is important to be aware of the applicable duty rates. According to the information provided, the bound (maximum) duty rate for this product is 34.5 cents/kg. Additionally, a 5% duty is applied every time a country lowers a trade barrier or opens up a market. This means that if a country reduces tariffs for similar goods or services from its trading partners, the same reduction must be applied to infant formula containing oligosaccharides.
The quantity unit for HS Code 99041910 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported product. It is crucial to accurately report the quantity to ensure compliance with customs regulations and to facilitate the calculation of duties and taxes.
In terms of special tariff preference programs, it is important to note that the provided data does not mention any specific programs applicable to HS Code 99041910. However, it is always recommended to stay updated with the latest trade agreements and preferential trade programs that may offer reduced or zero-duty rates for infant formula containing oligosaccharides.
When it comes to the importing and exporting of infant formula containing oligosaccharides, it is crucial to consider the specific regulations and requirements of both the importing and exporting countries. Compliance with food safety standards, labeling requirements, and documentation procedures is essential to ensure the smooth flow of trade and the safety of the product.
HS Code 99041910 refers to infant formula containing oligosaccharides. This code facilitates the classification, tracking, and regulation of this specific product during international trade. Understanding the duty rates, quantity unit, and any applicable tariff preference programs is essential for businesses involved in the import and export of infant formula containing oligosaccharides. Adhering to customs regulations and meeting the specific requirements of both the importing and exporting countries is crucial for a successful and compliant trade operation.
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