Infant formula containing oligosaccharides falls under HS Code 99041908. This code is used to classify and regulate the import and export of this specific product. In this article, we will explore the details of this HS code, including its product description, duty rates, and special tariff preference programs.
The product described under HS Code 99041908 is infant formula containing oligosaccharides. Oligosaccharides are complex carbohydrates that are found naturally in breast milk. They provide numerous health benefits to infants, including supporting the development of a healthy gut microbiota and boosting the immune system.
The specific subheadings under this HS code are 1901.10.30 and 1901.10.75. These subheadings further classify the infant formula based on its composition and packaging. Each subheading may have different requirements or specifications, so it is essential to identify the correct subheading when importing or exporting this product.
Furthermore, it is worth noting that infant formula containing oligosaccharides entered in value safeguard period is priced between $2.05 and $2.249 per kilogram. This price range ensures that the product meets certain quality standards and is traded at a fair market value.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99041908 is 3.6 cents per kilogram. This duty rate is applied every time a country lowers a trade barrier or opens up a market. It ensures that all trading partners receive the same treatment for the same goods or services.
For example, if a country reduces import restrictions or tariffs on infant formula containing oligosaccharides, it must apply the same benefit to all its trading partners. This principle promotes fair trade practices and prevents discriminatory treatment among different countries.
The quantity unit for HS Code 99041908 is kilograms (KG). This unit is used to measure the weight of the imported or exported infant formula containing oligosaccharides. It helps in determining the quantity of the product being traded and calculating the associated costs or duties accurately.
There are various special tariff preference programs that may apply to HS Code 99041908, depending on the importing and exporting countries. These programs aim to promote trade and economic cooperation by offering preferential treatment to certain goods or services.
Importing and exporting US states may have specific programs or agreements in place that provide benefits for infant formula containing oligosaccharides. These programs could include reduced duty rates, streamlined customs procedures, or other trade facilitation measures.
It is essential for importers and exporters to stay updated on the special tariff preference programs applicable to their specific trade routes. This knowledge can help them take advantage of cost-saving opportunities and ensure compliance with the relevant regulations.
HS Code 99041908 pertains to infant formula containing oligosaccharides. This code enables the classification and regulation of the import and export of this product. Understanding the product description, duty rates, and special tariff preference programs associated with this HS code is crucial for businesses involved in the trade of infant formula containing oligosaccharides.
By adhering to the regulations and taking advantage of available tariff preference programs, importers and exporters can navigate the international trade landscape more effectively and contribute to the growth and development of the infant formula industry.