Fluid whey, whether or not concentrated or containing added sweeteners, falls under the HS Code 04041020. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states for this particular HS Code.
The HS Code 04041020 refers to fluid whey, which is a by-product of cheese or casein production. It is the liquid portion that remains after the milk has been curdled and strained. Fluid whey can be further processed to concentrate its components or can be flavored with sweeteners to enhance its taste.
For this HS Code, the bound or most-favored-nation (MFN) duty rate is 0.34 cents per liter. 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. This duty rate applies to fluid whey imports regardless of the country of origin.
The quantity unit for fluid whey under this HS Code is liters (L). This unit is used to measure the volume of the imported or exported product.
There are several special tariff preference programs applicable to fluid whey under the HS Code 04041020. These programs provide varying degrees of duty-free treatment or reduced duty rates for imports from specific countries. The programs include:
These special tariff preference programs aim to promote trade and economic development between the United States and the eligible beneficiary countries.
When it comes to the import and export of fluid whey under the HS Code 04041020, certain US states play a significant role. The major importing US states for this product are Idaho, New Mexico, and Nevada. These states have a higher demand for fluid whey, potentially due to their dairy industry or manufacturing facilities that utilize whey as an ingredient.
On the other hand, the major exporting US states for fluid whey are Idaho and Nevada. These states have a significant supply of fluid whey, which is exported to meet the demand in other regions or countries.
Overall, the HS Code 04041020 plays an essential role in facilitating the trade of fluid whey, whether concentrated or containing added sweeteners. It is crucial for importers, exporters, and traders to understand the product description, duty rates, special tariff preference programs, and the key US states involved in its import and export.