The HS Code 03062900 refers to a specific product category known as crustaceans. This article aims to provide an extensive understanding of this HS Code, including its product description, duty rates, quantity units, special tariff preference programs, as well as the importing and exporting states associated with it.
The HS Code 03062900 covers various forms of crustaceans, including live, cooked in shell, uncooked, dried, salted, and in brine. It specifically excludes frozen crustaceans. This code encompasses a wide range of crustacean species, such as crabs, lobsters, shrimps, and crayfish, among others.
The bound or most-favored-nation (MFN) duty rate for HS Code 03062900 is free. This means that every time 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 free duty rate encourages international trade and ensures equitable treatment for all countries involved.
The quantity unit for HS Code 03062900 is kilograms (KG). This unit of measurement is used to determine the weight of the crustaceans being imported or exported under this HS Code.
Several special tariff preference programs apply to HS Code 03062900, offering specific benefits and exemptions to certain countries. The following programs provide duty-free treatment for this HS Code:
These special tariff preference programs facilitate trade between the United States and the corresponding countries by eliminating or reducing import duties on crustaceans falling under HS Code 03062900.
The following US states are known for importing crustaceans under HS Code 03062900:
These states actively engage in the importation of crustaceans, indicating the demand and popularity of this product category within their respective markets.
On the other hand, the following US state(s) are associated with exporting crustaceans under HS Code 03062900:
Alaska is a notable state known for exporting crustaceans, which highlights its significant role in the global crustacean trade.
the HS Code 03062900 encompasses a wide range of crustaceans in various forms. It carries a free duty rate, encourages fair trade practices, and benefits from several special tariff preference programs. Understanding this HS Code is essential for importers, exporters, and anyone involved in the crustacean trade industry.