Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 99040460: A Comprehensive Guide to Dairy Products

Dairy products play a significant role in our daily lives, from adding flavor to our meals to providing essential nutrients. If you are in the business of importing or exporting dairy products, understanding the HS Code 99040460 is crucial. This article aims to provide you with a comprehensive guide to the HS Code 99040460, its product description, duty rates, quantity units, and special tariff preference programs.

Product Description

The HS Code 99040460 encompasses various dairy products, including those falling under the following HS codes: 0404.10.15, 1517.90.60, 1704.90.58, 1806.20.82, 1806.20.83, 1806.32.70, and more. These codes represent specific types of dairy products that are being imported or exported.

• 0404.10.15: This code refers to milk and cream, concentrated or sweetened.
• 1517.90.60: This code covers margarine, excluding liquid and solid or partially solid fats.
• 1704.90.58: This code is for sugar confectionery, containing cocoa.
• 1806.20.82: This code represents chocolate and other food preparations containing cocoa, filled or covered with sweeteners.
• 1806.20.83: This code includes chocolate and other food preparations containing cocoa, not filled or covered with sweeteners.
• 1806.32.70: This code refers to chocolate and other food preparations containing cocoa, filled or covered with fruits, nuts, or other ingredients.

It is essential to note that the HS Code 99040460 covers a wide range of dairy products, allowing importers and exporters to easily classify and categorize their products.

Duty Rates

The bound / MFN (Most Favored Nation) duty rate for HS Code 99040460 is 48.6 cents/kg. This means 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. The duty rate ensures fair and equal trade practices among countries.

Quantity Unit

The quantity unit for HS Code 99040460 is kilograms (KG). This unit of measurement is commonly used to determine the weight of dairy products being imported or exported. It helps in calculating the value and ensuring accurate trade transactions.

Special Tariff Preference Programs

Special tariff preference programs provide certain benefits and advantages to importers and exporters of specific products. While specific programs may vary depending on the country, here are some common examples of special tariff preference programs related to dairy products:

• Program A: This program offers reduced duty rates for dairy products imported into specific US states, promoting local consumption and supporting domestic dairy industries.
• Program B: Under this program, importers of organic dairy products can enjoy duty-free imports, encouraging the growth of organic farming practices.
• Program C: This program provides preferential treatment to dairy products from certain countries, promoting trade relations and fostering economic cooperation.

• Program X: This program offers export subsidies or tax benefits to US dairy product exporters, enhancing their competitiveness in international markets.
• Program Y: Under this program, exporters of specific dairy products can benefit from duty-free or reduced-duty exports to certain countries, boosting trade volumes.
• Program Z: This program encourages the export of dairy products to underprivileged regions, providing humanitarian aid while stimulating economic growth.

It is crucial for importers and exporters to stay updated with the latest special tariff preference programs and take advantage of the benefits they offer for dairy products under the HS Code 99040460.

the HS Code 99040460 encompasses a wide range of dairy products, including milk, cream, margarine, sugar confectionery, and various chocolate preparations. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS Code is essential for smooth trade operations. By adhering to the regulations and taking advantage of special programs, importers and exporters can optimize their business opportunities in the dairy industry.