When it comes to international trade, a standardized system is necessary to classify and identify various products. One such system is the Harmonized System (HS) code, which assigns a unique code to each product traded globally. In this article, we will delve into the details of HS Code 99041917, focusing on mixes and doughs described in Ch. 19 addl US note 1, in 1901.20.35 & 1901.20.70, entered in value safeguard period.
Product Description: HS Code 99041917 refers to mixes and doughs that fall under Chapter 19 of the Harmonized System. These mixes and doughs are further specified in additional US note 1, and their specific classifications are found in the subheadings 1901.20.35 and 1901.20.70. The value safeguard period for these products ranges from $0.60 to $0.699 per kilogram.
Bound / MFN Duty Rate: The duty rate for products falling under HS Code 99041917 is 2.7 cents per kilogram. It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that the same goods or services from all trading partners are treated equally in terms of trade barriers and market access.
Quantity Unit: The quantity unit for products classified under HS Code 99041917 is kilograms (KG). This unit of measurement is universally used to quantify the weight of these mixes and doughs during international trade transactions.
Special Tariff Preference Programs: Some countries have established special tariff preference programs to facilitate trade and promote economic partnerships. These programs provide certain benefits, such as reduced or eliminated import duties, to eligible products. While specific details may vary between countries, it is essential for importers and exporters to explore these programs to maximize their trade advantages.
Importing US States: HS Code 99041917 allows the importation of mixes and doughs described in Chapter 19 addl US note 1, in 1901.20.35 & 1901.20.70, into various states within the United States. Importers should familiarize themselves with the specific regulations and requirements of each state to ensure compliance with local laws and facilitate smooth customs clearance.
Exporting US States: Similarly, exporters from the United States who deal in mixes and doughs falling under HS Code 99041917 have the opportunity to ship their products to various countries across the globe. Exporters should consider market demand, trade agreements, and potential tariff preference programs in target countries to enhance their export opportunities.
HS Code 99041917 plays a crucial role in the international trade of mixes and doughs. With its detailed product description, duty rate, quantity unit, and information on special tariff preference programs, importers and exporters can navigate the global market more effectively. Understanding the nuances of HS codes is essential for businesses engaged in international trade to ensure compliance, maximize trade advantages, and foster successful trade relationships.