The HS Code 05119940 refers to animal products nesi (not elsewhere specified) and dead animals of chapter 1 that are unfit for human consumption. This code is used to classify and categorize these specific types of animal products for international trade purposes.
When importing or exporting goods classified under this HS code, it is important to understand the various regulations and duty rates associated with it. The bound / MFN (Most Favored Nation) duty rate for HS Code 05119940 is 1.1%. 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.
The quantity unit for HS Code 05119940 is not available (NA), indicating that the specific unit of measurement for these animal products is not specified or standardized.
There are also special tariff preference programs in place for HS Code 05119940. These programs allow certain countries to import or export the goods classified under this code at a reduced or duty-free rate. The countries that currently enjoy these special tariff preferences for HS Code 05119940 include:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved, by providing them with incentives to import or export goods classified under HS Code 05119940.
When it comes to importing or exporting goods classified under HS Code 05119940, it is essential to consider the specific regulations and requirements of the importing and exporting US states. In the case of HS Code 05119940, the exporting US states include South Dakota and Utah.
Understanding the HS Code 05119940 and its associated regulations, duty rates, and special tariff preference programs is crucial for businesses and individuals involved in the import and export of animal products unfit for human consumption. By complying with these regulations and taking advantage of the available tariff preferences, businesses can benefit from reduced costs and increased market access.