The HS Code 16024960 refers to prepared or preserved pork mixed with beef. This code is used to classify and identify this specific product for international trade purposes. HS codes are a standardized system used globally to categorize products and facilitate international trade.
The product description indicates that it is a mixture of pork and beef that has been prepared or preserved in some way. This could include processes such as smoking, curing, salting, or canning. The specific preparation or preservation methods used may vary depending on the country of origin or the manufacturer.
When importing or exporting products classified under HS Code 16024960, it is important to consider the applicable duty rates. The bound or MFN (Most Favored Nation) duty rate for this code is 3.2%. 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. This duty rate is applied to the value of the product being imported or exported.
The quantity unit for products classified under HS Code 16024960 is kilograms (KG). This unit of measurement is used to determine the weight of the product being traded. It is important to accurately measure and declare the weight of the product to ensure compliance with customs regulations.
There are also special tariff preference programs available for products classified under HS Code 16024960. These programs provide preferential treatment in terms of duty rates for certain countries. The following countries have free trade agreements or special rates for this product:
These special tariff preference programs allow for reduced or duty-free rates when trading with the listed countries. It is important to review and understand the specific requirements and eligibility criteria for each program to take advantage of these preferential rates.
When importing or exporting products classified under HS Code 16024960, it is also necessary to consider the specific importing and exporting US states. In this case, the exporting US state is Maine. The product originates from this state and is exported to various destinations around the world. The importing US states may vary depending on the specific trade agreements, distribution channels, and customer demand.
HS Code 16024960 represents prepared or preserved pork mixed with beef. This code is used to classify and identify the product for international trade purposes. It is important to understand the applicable duty rates, quantity unit, and special tariff preference programs when importing or exporting this product. Compliance with customs regulations, accurate measurement, and awareness of the specific importing and exporting US states are essential for successful international trade transactions.