Dairy products play a significant role in the global food industry, and the international trade of these goods is governed by a standardized coding system known as the Harmonized System (HS) Code. HS Code 99040463 specifically refers to various dairy products falling under different subheadings, including 0404.10.15, 1517.90.60, 1704.90.58, 1806.20.82, 1806.20.83, 1806.32.70, and more.
The HS Code acts as a universal language for customs authorities to identify and classify products during the import-export process. It helps streamline trade procedures and facilitates the collection of trade statistics. By including the HS Code on shipping documents, businesses can ensure smooth customs clearance and avoid potential delays or penalties.
When importing dairy products under HS Code 99040463, the entered value determines the safe period for consumption. The value range for these products is typically between $0.90 and $1.099 per kilogram (KG). This information is crucial for both importers and consumers to ensure the quality and safety of the dairy products being traded.
Bound and Most Favored Nation (MFN) duty rates are also applicable to HS Code 99040463. The bound duty rate is set at 15 cents per kilogram (KG). It is important to note that when 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. This principle ensures fair and equal treatment for all countries involved in international trade.
Quantity units for dairy products under HS Code 99040463 are measured in kilograms (KG). This standardized unit allows for accurate measurement and comparison of trade volumes, making it easier to analyze market trends and track changes in import-export patterns.
In addition to the standard regulations and duty rates, there are various special tariff preference programs that may apply to dairy products under HS Code 99040463. These programs aim to promote trade between specific countries or regions by offering preferential treatment, such as reduced or eliminated duty rates. Importers and exporters should be aware of these programs and take advantage of any benefits they may provide.
When it comes to importing dairy products under HS Code 99040463, it is essential to consider the specific requirements and regulations of the importing and exporting US states. Each state may have its own additional rules and restrictions, which must be complied with to ensure smooth trade operations.
HS Code 99040463 covers a wide range of dairy products, and its proper use is crucial for international trade. By understanding the HS Code system and complying with relevant regulations, businesses can navigate the import-export process successfully and contribute to the growth of the global dairy industry.