The HS Code 02073500 refers to cuts and offal, other than fatty livers, of ducks, geese, or guineas that are fresh or chilled. This code is used to classify and identify these specific products for international trade purposes.
When importing or exporting goods, it is crucial to understand the HS code assigned to the product. The HS code provides a standardized classification system recognized globally, helping to ensure uniformity and accuracy in trade transactions.
The specific product described by HS Code 02073500 includes cuts and offal from ducks, geese, or guineas, excluding fatty livers. These products are either fresh or chilled, indicating that they are in a raw state and have not been frozen or preserved.
The quantity unit for these products is kilograms (KG). This means that the weight of the goods is measured in kilograms when calculating import or export quantities.
One important aspect to consider when dealing with HS Code 02073500 is the bound or MFN (Most Favored Nation) duty rate. The bound duty rate for this HS code is 17.6 cents per kilogram. This rate applies every time a country lowers a trade barrier or opens up a market. It ensures that any reduction in tariffs or import restrictions is extended to all trading partners equally.
In addition to the bound duty rate, there are special tariff preference programs available for imports under HS Code 02073500. These programs provide certain countries with preferential treatment or duty-free access to the market. Some of the programs applicable to this HS code include:
These special tariff preference programs aim to promote trade and economic development by reducing or eliminating import duties for certain countries or regions.
When looking at the specific trade data related to HS Code 02073500, it is evident that the United States imports this product primarily from South Dakota. However, the product is exported from various states, including Iowa, Kansas, Missouri, Nebraska, North Carolina, Oklahoma, and South Dakota.
Understanding the HS code, its associated duty rates, and special tariff preference programs is essential for businesses involved in international trade. Compliance with these regulations ensures smooth customs clearance and can result in cost savings or preferential market access.