Harmonized System Codes • Schedule B • Harmonized Commodity Description

An Introduction to HS Code 01029040: Live Bovine Animals

HS Code 01029040 refers to live bovine animals other than purebred or those imported for dairy purposes. This code is used to classify and identify specific products for international trade purposes. It is an essential tool for customs officials, importers, and exporters to accurately categorize goods and determine applicable trade regulations.

Live bovine animals are commonly transported across borders for various reasons, including breeding, farming, and meat production. HS Code 01029040 specifically covers bovine animals that are not purebred or imported for dairy purposes. This code helps to differentiate them from other types of bovine animals and ensures proper classification for trade purposes.

When importing or exporting live bovine animals under HS Code 01029040, it is important to understand the applicable duty rates and tariff preference programs. The bound or most-favored-nation (MFN) duty rate for this HS code is 1 cent per kilogram. This means that every time 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.

The quantity unit for this HS code is "number" (NO), indicating that the goods are measured by the number of live bovine animals being imported or exported.

There are also special tariff preference programs available for live bovine animals under HS Code 01029040. These programs offer reduced or duty-free rates for eligible countries. Here are some examples:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
• Bahrain Special Rate: Specific tariff rate for imports from Bahrain.
• NAFTA for Canada: Duty-free treatment under the North American Free Trade Agreement (NAFTA) for imports from Canada.
• Chile Special Rate: Specific tariff rate for imports from Chile.
• Africa Growth and Opportunity Act (AGOA): Duty-free treatment for eligible imports from African countries under AGOA.
• Caribbean Basin Initiative (CBI): Duty-free treatment for eligible imports from Caribbean countries under CBI.
• Israel Special Rate: Duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA): Duty-free treatment for imports from eligible Andean countries under ATPA.
• Jordan Special Rate: Specific tariff rate for imports from Jordan.
• Morocco Special Rate: Specific tariff rate for imports from Morocco.
• NAFTA for Mexico: Duty-free treatment under NAFTA for imports from Mexico.
• Oman Special Rate: Specific tariff rate for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Specific tariff rate for imports from eligible countries under DR-CAFTA.
• Peru Special Rate: Specific tariff rate for imports from Peru.
• Singapore Special Rate: Specific tariff rate for imports from Singapore.
• Australia Special Rate: Tariff rate of 0.6 cents per kilogram for imports from Australia.

When importing live bovine animals under HS Code 01029040 into the United States, it is important to consider the specific regulations and requirements of each state. Similarly, when exporting live bovine animals from the United States, it is crucial to be aware of the regulations and requirements of the destination country.

HS Code 01029040 is used to classify live bovine animals other than purebred or those imported for dairy purposes. Understanding this code and its associated duty rates and tariff preference programs is essential for smooth international trade operations involving live bovine animals.