When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying products. In this educational article, we will delve into the details of HS Code 99041914, which is specifically assigned to mixes and doughs. We will explore its product description, duty rates, quantity unit, and special tariff preference programs. So, let's get started!
HS Code 99041914 refers to mixes and doughs that are described in Chapter 19 additional US note 1, as well as in the categories 1901.20.35 and 1901.20.70. These mixes and doughs fall under the value safeguard period and have a weight range of $0.30-$0.399 per kilogram (KG).
It is important to note that Chapter 19 of the Harmonized System focuses on preparations of cereals, flour, starch, or milk; pastrycooks' products; and bakers' wares. These products are further classified based on their composition, intended use, and specific ingredients.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99041914 is 14.2 cents per kilogram (KG). This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate ensures fair and equal treatment for all countries involved in international trade.
It is worth mentioning that duty rates can vary depending on the specific country and trade agreements in place. Therefore, it is essential for importers and exporters to stay updated with the latest trade policies and tariff rates to ensure compliance and cost-effective trade.
The quantity unit for HS Code 99041914 is kilograms (KG). This unit of measurement is widely used in international trade to determine the weight or quantity of goods being imported or exported. By using a standardized unit, it becomes easier for traders, customs officials, and other stakeholders to accurately calculate costs, logistics, and compliance requirements.
Special tariff preference programs can provide certain benefits and exemptions to importers and exporters. While the specific programs applicable to HS Code 99041914 may vary, it is essential to understand the available options to optimize trade operations and reduce costs.
For importing into the United States, various special tariff preference programs are available, such as the Generalized System of Preferences (GSP), which provides duty-free treatment to eligible products from designated beneficiary countries. Other programs include the African Growth and Opportunity Act (AGOA), the Caribbean Basin Initiative (CBI), and the North American Free Trade Agreement (NAFTA).
When exporting from the United States, it is crucial to be aware of the special tariff preference programs offered by the destination country. These programs, such as the European Union's Generalized System of Preferences (EU GSP) or free trade agreements like the United States-Mexico-Canada Agreement (USMCA), can provide preferential treatment and reduced duty rates for eligible products.
HS Code 99041914 encompasses mixes and doughs described in Chapter 19 additional US note 1, 1901.20.35, and 1901.20.70. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS Code is crucial for importers and exporters engaged in international trade.
By adhering to the appropriate duty rates, leveraging special tariff preference programs, and staying informed about the latest trade policies, businesses can navigate the complexities of global trade more effectively, ensuring compliance, cost-efficiency, and optimal market access.