The HS Code 02012010 refers to high-quality beef cuts that are processed, fresh or chilled, and have bone in. This code is described in additional US note 3 to Chapter 2 of the Harmonized System (HS) code.
When importing or exporting goods, it is important to understand the HS code as it helps in identifying the specific product and its classification for customs purposes. The HS code is an internationally recognized system that categorizes goods for trade and tariff purposes.
The HS code 02012010 is used specifically for high-quality beef cuts with bone in. The code provides information about the product description, the quantity unit, and any special tariff preference programs that may apply.
Bound / MFN duty rate of 4% is applicable for this HS code. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate ensures fair and equal treatment for all trading partners.
The quantity unit for this HS code is kilograms (KG). This unit helps in determining the weight of the beef cuts being imported or exported.
There are several special tariff preference programs that apply to imports under this HS code. These programs provide certain countries with preferential treatment or duty-free access to the US market. Some of the programs include:
These special tariff preference programs provide countries with preferential treatment based on their trade agreements or development status. For example, imports from least-developed beneficiary developing countries are eligible for duty-free treatment under certain subheadings.
Additionally, some countries have their own special rates for imports under this HS code. For example, Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Oman, the Dominican Republic-Central American countries (DR-CAFTA), Peru, and Singapore have their own special rates or duty-free treatments.
When importing high-quality beef cuts with bone in under HS code 02012010, it is important to consider the specific tariff preference programs that apply and any special rates that may be applicable based on the country of import or export.
Understanding the HS code and its associated details helps in ensuring compliance with customs regulations and taking advantage of any preferential treatment or duty-free access to the market.
Therefore, it is crucial for importers, exporters, and traders to be familiar with the HS code 02012010 and its implications when dealing with high-quality beef cuts with bone in.