When it comes to international trade, understanding the Harmonized System (HS) codes is crucial. HS codes are standardized codes used to classify and identify products for import and export purposes. In this article, we will explore HS Code 99040459, which specifically relates to dairy products.
The HS Code 99040459 encompasses various dairy products falling under different subheadings, such as 0404.10.15, 1517.90.60, 1704.90.58, 1806.20.82, 1806.20.83, 1806.32.70, and more. These codes help classify the specific type and nature of dairy products being imported or exported.
Considering the vast range of dairy products, it is important to note that HS Code 99040459 covers products that have an entered value safe period and are priced under $0.30 per kilogram (kg). This ensures affordability and safety for consumers.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99040459 is 65.5 cents per kilogram (kg). This duty rate is applicable every time a country reduces trade barriers or opens up its market. It ensures that equal treatment is given to all trading partners concerning the same goods or services.
By having a standardized duty rate for all countries, fair trade practices are encouraged, promoting healthy competition and market access for dairy products.
The unit of measurement for HS Code 99040459 is kilograms (kg). This unit allows for easy calculation and comparison of quantities when trading dairy products internationally. It ensures consistency and accuracy in determining the weight of the products being imported or exported.
Various countries have implemented special tariff preference programs to promote trade and support specific industries. While not explicitly mentioned in the given data, it is worth noting that HS Code 99040459 may also be eligible for such programs.
These programs often provide reduced or exempted duty rates for certain products, including dairy products. They aim to foster economic growth, enhance bilateral trade agreements, and encourage cooperation between countries.
HS Code 99040459 applies to both importing and exporting US states. This means that dairy products falling under this HS code can be imported into or exported from any state within the United States.
It is important for dairy producers, importers, and exporters to be aware of the regulations, documentation requirements, and quality standards applicable in both the importing and exporting states. This ensures compliance with all necessary procedures and facilitates a smooth trade process.
HS Code 99040459 plays a vital role in the classification and trade of dairy products. It provides a standardized system to identify and categorize various types of dairy products, ensuring transparency and accuracy in international trade.
Understanding the product description, bound / MFN duty rate, quantity unit, and potential eligibility for special tariff preference programs allows businesses and individuals to navigate the import and export of dairy products more efficiently.
Whether you are a dairy producer, importer, or exporter, familiarizing yourself with HS Code 99040459 is essential for successful international trade in the dairy industry.