When it comes to international trade, each product is assigned a specific Harmonized System (HS) code. These codes are used to classify and categorize products for customs purposes. One such HS code is 02021050, which pertains to bovine carcasses and halves, frozen, other than those described in general note 15 or additional US note 3 to Chapter 2.
Understanding the HS code 02021050 is essential for importers, exporters, and government agencies involved in international trade. In this article, we will provide a comprehensive guide to this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS code 02021050 refers to bovine carcasses and halves that are frozen. However, it is important to note that this code excludes any carcasses or halves mentioned in general note 15 or additional US note 3 to Chapter 2. This means that specific categories of bovine carcasses and halves may not fall under this HS code.
The bound or most-favored-nation (MFN) duty rate for HS code 02021050 is 26.4%. The MFN duty rate is the rate applied to imports from all trading partners, ensuring equal treatment for the same goods or services. This rate is applicable every time a country lowers a trade barrier or opens up a market.
The quantity unit for HS code 02021050 is kilograms (KG). This unit of measurement is used to determine the weight of bovine carcasses and halves being imported or exported.
HS code 02021050 is eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates for specific countries. Here are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs provide opportunities for importers and exporters to benefit from reduced duty rates or duty-free treatment, depending on the country and specific program.
HS code 02021050 is imported by the following US states:
These states are involved in the importation of bovine carcasses and halves, frozen, falling under HS code 02021050. Importers and traders in these states have a significant role in the trade of this particular product.
The following US states are involved in the exportation of bovine carcasses and halves, frozen:
These states play a crucial role in supplying bovine carcasses and halves to international markets. Exporters from these states contribute to the global trade of this product.
HS code 02021050 represents bovine carcasses and halves, frozen, with certain exclusions. Understanding this code is essential for importers, exporters, and government agencies involved in international trade. The duty rates, special tariff preference programs, and the importing and exporting US states provide valuable information for those engaged in the trade of this particular product.