When it comes to international trade, the Harmonized System (HS) codes play a crucial role in classifying products. HS Code 99040539 specifically refers to butter substitutes with a butterfat content of more than 45%. These products fall under the broader category of butter substitutes and are further classified under HS codes 0405.00.90, 2106.90.26, and 2106.90.36.
HS Code 99040539 indicates that these butter substitutes are subject to certain trade regulations and tariffs when imported or exported. It is important for businesses and traders to understand the implications of this code and its associated data.
The product description for HS Code 99040539 states that it pertains to butter substitutes with a butterfat content greater than 45%. These substitutes are typically used as alternatives to butter in various culinary applications.
It is worth noting that the specific import value safeguard period for these products is mentioned in the data associated with the HS code. The value safeguard period indicates the range of values within which these butter substitutes can be imported. In this case, the range is between $0.80 and $0.999 per kilogram (KG).
The bound or Most Favored Nation (MFN) duty rate for HS Code 99040539 is 40.9 cents per kilogram (KG). This duty rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that any changes in trade regulations or market access must be applied uniformly to the same goods or services from all trading partners.
This duty rate serves as a protective measure for domestic industries by discouraging unfair competition from imported butter substitutes. It also helps maintain a level playing field for both domestic and international producers.
HS Code 99040539 uses kilograms (KG) as the quantity unit for measuring the import or export of butter substitutes with more than 45% butterfat. This standard unit of measurement ensures consistency and ease of trade across different countries and markets.
Special tariff preference programs may be applicable to HS Code 99040539, depending on the specific trade agreements between countries. These programs provide certain benefits and incentives to eligible importers or exporters, such as reduced duties or exemptions.
It is important for businesses involved in the import or export of butter substitutes to stay updated on any special tariff preference programs that may be available. These programs can significantly impact the overall cost and competitiveness of the products in the international market.
HS Code 99040539 applies to both importing and exporting US states. This means that businesses in any US state can import or export butter substitutes with more than 45% butterfat under this code.
It is crucial for businesses to comply with all relevant regulations and documentation requirements when engaging in international trade activities involving HS Code 99040539. Non-compliance can result in penalties, delays, or even the rejection of goods at customs.
HS Code 99040539 refers to butter substitutes with a butterfat content greater than 45%. This code provides important information regarding product classification, duty rates, quantity units, and any special tariff preference programs. Businesses involved in the import or export of these products should familiarize themselves with the implications of this HS code to ensure smooth and compliant international trade operations.