The HS Code 02042320 refers to boneless meat of lamb that is fresh or chilled. This code is used to classify and identify this specific product for international trade purposes. It is important for importers, exporters, and customs officials to use this code correctly to ensure accurate tracking and documentation of the product.
The product description of boneless meat of lamb, fresh or chilled, provides a clear understanding of the type of meat that falls under this HS code. It specifies that the meat should be boneless and can be either fresh or chilled. This distinction is essential as it can affect the quality and storage requirements of the product.
When importing boneless meat of lamb under HS Code 02042320, it is important to be aware of the bound or MFN (Most Favored Nation) duty rate. The duty rate for this product is 0.7 cents/kg. The bound duty rate indicates the maximum rate of duty that can be applied to the product. However, if 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 boneless meat of lamb is kilograms (KG). This unit of measurement is commonly used in international trade to ensure consistency and accuracy in determining the quantity of the product being traded.
There are also special tariff preference programs available for boneless meat of lamb under HS Code 02042320. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries and programs offer free or special rates for this product: A+, AU, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, PE, SG.
It is important to note that these special tariff preference programs may vary and have specific eligibility criteria. For example, the Africa Growth and Opportunity Act (AGOA) and Caribbean Basin Initiative (CBI) offer duty-free treatment for imports from least-developed beneficiary developing countries. Other programs, such as the NAFTA for Canada and Mexico, provide duty-free treatment for eligible imports from those countries.
When it comes to the importing and exporting of boneless meat of lamb under HS Code 02042320, there are specific states involved. The importing states in the United States include South Dakota. On the other hand, the exporting states within the United States are Iowa, Kansas, Missouri, Nebraska, North Carolina, Oklahoma, and South Dakota.
the HS Code 02042320 is used to classify boneless meat of lamb that is fresh or chilled for international trade purposes. This code provides a clear description of the product and is essential for accurate tracking and documentation. Importers and exporters should be aware of the bound duty rate, quantity unit, and any special tariff preference programs that may apply to this product. Additionally, knowing the specific importing and exporting states can help facilitate the trade process and ensure compliance with relevant regulations.