When it comes to international trade, various regulations and codes are in place to ensure smooth and fair transactions. One such code is the Harmonized System (HS) code, which classifies goods for customs purposes. In this article, we will delve into the details of HS Code 01059400, which pertains to live poultry, specifically chickens.
The HS Code 01059400 is used to identify and categorize live chickens being imported or exported. This code plays a crucial role in determining the customs duties and tariffs applicable to these products. Understanding the HS Code is essential for both traders and authorities involved in international poultry trade.
Product Description: Live Poultry; Chickens
The product description for HS Code 01059400 is quite straightforward. It refers to live chickens, which fall under the broader category of live poultry. This code is specific to chickens and does not include other types of live poultry such as ducks, turkeys, or quails. It is important to note that the HS Code provides a standardized classification system for trade purposes, enabling easy identification and differentiation of various goods.
Bound / MFN Duty Rate: 2 cents/kg
The bound or most-favored-nation (MFN) duty rate for HS Code 01059400 is set at 2 cents per kilogram. This means that for every kilogram of live chickens imported or exported, a duty of 2 cents is applicable. It is crucial to understand that the duty rate may vary depending on the country and any trade agreements or preferences in place.
Quantity Unit: Number (NO)
The quantity unit for HS Code 01059400 is measured in numbers (NO). This means that the quantity of live chickens is counted and reported based on the number of individual birds. The use of a standardized quantity unit facilitates accurate and consistent reporting of trade data.
Special Tariff Preference Programs:
HS Code 01059400 is eligible for various special tariff preference programs. These programs provide certain benefits or exemptions from customs duties for specific countries or regions. For example, imports from least-developed beneficiary developing countries under this code receive duty-free treatment. Additionally, countries like Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Dominican Republic-Central America (under DR-CAFTA), Peru, and Singapore have their own special rates or agreements in place.
Importing US States and Exporting US States:
HS Code 01059400 applies to live poultry, specifically chickens, being imported or exported to and from various US states. The specific importing and exporting states may vary depending on the trade volume and demand for live chickens. It is crucial for traders and authorities to have accurate and up-to-date information regarding the importing and exporting states to facilitate trade operations smoothly.
HS Code 01059400 is a crucial classification code for live poultry, specifically chickens, in international trade. It helps determine customs duties, facilitates accurate reporting of trade data, and enables the identification of special tariff preference programs. Understanding and adhering to the regulations and requirements associated with this HS Code is essential for traders and authorities involved in the global poultry trade.