Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 99040545: Butter Substitutes > 45% Butterfat

Butter substitutes with a butterfat content of more than 45% fall under HS Code 99040545. These products are classified under the tariff codes 0405.00.90, 2106.90.26, and 2106.90.36. Additionally, they are subject to a value safeguard period where the minimum entry price is set at $2 per kilogram or more.

• Bound / MFN duty rate: There is no additional duty imposed on this product. This means that whenever a country reduces a trade barrier or opens up a market, it must apply the same policy to all its trading partners.
• Quantity unit: Butter substitutes are measured in kilograms (KG).

Special tariff preference programs:

There are various special tariff preference programs available for importing and exporting butter substitutes under HS Code 99040545. These programs aim to promote trade and provide benefits to specific countries or regions. Some of the notable programs include:

• Generalized System of Preferences (GSP): The GSP program allows eligible developing countries to export certain products to the United States duty-free. It offers preferential treatment to these countries, helping them enhance their economic growth.
• Free Trade Agreements (FTAs): The United States has entered into several FTAs with countries worldwide. These agreements provide reduced or eliminated tariffs for specific products, including butter substitutes, between the signatory countries.
• Trade Promotion Programs: The United States has established trade promotion programs to support the export of American products. These programs offer various incentives and assistance to businesses looking to expand their market globally.

Importing US states and Exporting US states:

Butter substitutes under HS Code 99040545 can be imported and exported between different states within the United States. The import and export processes are subject to regulations and documentation requirements, including customs clearance. Some of the major importing and exporting US states for butter substitutes include:

Importing US States:

• New York
• California
• Texas
• Florida
• Illinois

Exporting US States:

• Wisconsin
• California
• Texas
• Minnesota
• Iowa

These states play a significant role in the import and export of butter substitutes, contributing to the overall trade of this product within the United States.

Overall, understanding the HS Code 99040545 and the associated details is crucial for businesses involved in the import and export of butter substitutes. Compliance with tariff regulations and taking advantage of special tariff preference programs can provide advantages in international trade and contribute to a successful business operation.