Ice cream is a delightful treat enjoyed by people of all ages around the world. It is a frozen dessert that brings joy and satisfaction with every spoonful. In the world of international trade, ice cream is classified under HS Code 99042113. This code helps to identify and categorize ice cream products for import and export purposes.
The specific product description for ice cream under HS Code 99042113 is "Ice cream, in 2105.00.20". This code provides important information to customs authorities and traders, ensuring smooth transactions and adherence to international trade regulations.
Ice cream imports and exports under HS Code 99042113 may be subject to a value safeguard period, which means that certain measures are put in place to protect domestic industries. The value safeguard period for ice cream is set at $0.40-$0.499 per liter. This means that ice cream products falling within this price range will face specific regulations and duties.
One important aspect to consider in international trade is bound / MFN (Most Favored Nation) duty rates. The bound duty rate for ice cream under HS Code 99042113 is 12.8 cents per liter. This rate ensures 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. This promotes fair and equal trade opportunities for all parties involved.
The quantity unit for ice cream imports and exports under HS Code 99042113 is liters (L). This unit of measurement helps to accurately quantify the volume of ice cream being traded.
Special tariff preference programs may also apply to ice cream imports and exports under HS Code 99042113. These programs provide certain benefits and advantages to qualified traders, such as reduced duties or exemptions. It is important for traders to familiarize themselves with these programs and determine if they are eligible to take advantage of the benefits they offer.
When it comes to ice cream trade between the United States and other countries, it is essential to consider the importing and exporting states. The importing US states are the destinations where ice cream is being brought into the country, while the exporting US states are the locations where ice cream is being shipped from. Understanding the flow of ice cream trade between different states can provide valuable insights for businesses and policymakers.
HS Code 99042113 plays a crucial role in the import and export of ice cream products. It provides a standardized classification system, ensures compliance with regulations, and promotes fair trade practices. By understanding the details of this HS Code, traders can navigate the ice cream trade market more effectively and make informed decisions for their businesses.