Fats and oils derived from milk are an important product in the global market. They are used in various industries such as food processing, cosmetics, and pharmaceuticals. HS Code 04059020 specifically refers to fats and oils derived from milk, excluding butter or dairy spreads, and are not subject to general note 15 and excess of quota in chapter 4 add US note 14.
The product description for HS Code 04059020 includes fats and oils derived from milk. It is important to note that this code specifically excludes butter or dairy spreads. Additionally, it is not subject to general note 15 and excess of quota in chapter 4 add US note 14.
The bound / Most Favored Nation (MFN) duty rate for HS Code 04059020 is $1.865/kg + 8.5%. This means that for every kilogram of fats and oils derived from milk, the duty rate is $1.865 plus an additional 8.5% of the value. It is important to understand 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 quantity unit for HS Code 04059020 is kilograms (KG). This means that the measurement and trade of fats and oils derived from milk are done in kilograms.
There are several special tariff preference programs associated with HS Code 04059020. These programs provide certain countries with preferential treatment when importing fats and oils derived from milk. The programs and their corresponding codes are as follows:
These special tariff preference programs allow for reduced or zero tariffs on imports of fats and oils derived from milk, depending on the country and program.
HS Code 04059020 applies to both importing and exporting fats and oils derived from milk in the United States. The following states are involved in the import and export of this product:
These states play a significant role in the trade of fats and oils derived from milk under HS Code 04059020.
HS Code 04059020 is essential for identifying and categorizing fats and oils derived from milk in international trade. Understanding the product description, duty rates, special tariff preference programs, and the involvement of specific US states is crucial for businesses and individuals involved in the import and export of this product.