Product description: Peanut butter and paste falling under HS Code 99042004 were first introduced in 2008.11.15. These products are subject to a value safeguard period, with a price range of $0.25 to $0.349 per kilogram (kg).
Bound / MFN duty rate: The bound / MFN (Most Favored Nation) duty rate for peanut butter and paste under HS Code 99042004 is 18.8 cents per kg. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that any trade advantages or concessions given to one trading partner are extended to all others as well, promoting fair and equal trade.
Quantity unit: The quantity unit for peanut butter and paste is kilograms (kg). This unit is used to measure and determine the weight of the imported or exported products.
Special tariff preference programs: There are various special tariff preference programs available for peanut butter and paste under HS Code 99042004. These programs aim to provide certain benefits or incentives to promote trade and economic cooperation between countries. Some of these programs include:
It is important for importers and exporters of peanut butter and paste under HS Code 99042004 to familiarize themselves with the specific tariff preference programs available in their respective countries. These programs can help reduce costs, improve competitiveness, and enhance trade relationships.
By understanding the HS Code 99042004 and the associated tariff rates and programs, businesses can navigate international trade more effectively and take advantage of opportunities to expand their markets and increase profitability.