Dairy products play a crucial role in our daily lives, providing essential nutrients and adding flavor to a wide range of dishes. If you are involved in the import or export of dairy products, it is important to understand the details and regulations associated with the Harmonized System (HS) Code 99040461. This article aims to provide an extensive guide to this HS code, including its description, duty rates, quantity units, and special tariff preference programs.
The HS Code 99040461 encompasses various dairy products falling under different subcategories, including:
These products fall under the HS code 99040461, allowing for easier classification and regulation in international trade.
When importing dairy products under HS Code 99040461, it is important to consider the entered value and safe period. The entered value refers to the declared value of the products during customs clearance. For dairy products falling under this HS code, the entered value safe period is set between $0.50 to $0.699 per kilogram (kg).
The bound duty rate for HS Code 99040461 is set at 34.6 cents per kilogram (kg). It is important to note that every time a country lowers a trade barrier or opens up a market, it must apply the same changes to all its trading partners. This ensures fair and equal treatment for goods and services across international trade.
The quantity unit for dairy products under HS Code 99040461 is kilograms (kg). This unit of measurement allows for standardized calculations and easy tracking of imports and exports.
Various countries have implemented special tariff preference programs to promote trade and economic cooperation. These programs may offer reduced or zero-duty rates for certain dairy products falling under HS Code 99040461. It is essential for importers and exporters to stay updated with the specific programs and eligibility criteria of each country to take advantage of these benefits.
As an importer or exporter of dairy products, it is important to understand the specific regulations and requirements of different US states. Each state may have its own guidelines and restrictions regarding the import and export of dairy products falling under HS Code 99040461. Ensuring compliance with these regulations is crucial to avoid any delays or penalties during customs clearance.
HS Code 99040461 covers a wide range of dairy products, including fresh cheese, margarine, milk-based desserts, grated or powdered cheese, concentrated or sweetened milk and cream, and more. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code is essential for smooth and compliant international trade in the dairy industry.