The HS Code 16025005 refers to prepared or preserved offal of bovine animals. Offal is a term used to describe the internal organs and entrails of animals, such as the liver, kidneys, heart, and stomach. This specific HS code is important for international trade as it helps in classifying and identifying shipments of these products.
When importing or exporting products under HS Code 16025005, it is essential to understand the various trade barriers, duty rates, and special tariff preference programs associated with it.
The bound or Most Favored Nation (MFN) duty rate for HS Code 16025005 is 2.3%. The MFN principle ensures 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 applies to all countries unless they have a preferential trade agreement with the importing country.
The quantity unit for HS Code 16025005 is kilograms (KG). This unit of measurement is used to determine the weight of the prepared or preserved offal of bovine animals being imported or exported.
There are several special tariff preference programs associated with HS Code 16025005. These programs provide specific benefits and exemptions to certain countries when trading this product. The following is a list of the special tariff preference programs applicable:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
For the HS Code 16025005, the importing US state is South Dakota. This indicates that South Dakota is involved in the importation of prepared or preserved offal of bovine animals.
On the other hand, the exporting US state for HS Code 16025005 is Maine. This means that Maine is engaged in the exportation of prepared or preserved offal of bovine animals.
Understanding the HS Code 16025005 and its associated data is crucial for importers, exporters, and regulatory authorities involved in international trade. It helps in the proper classification, documentation, and regulation of shipments related to prepared or preserved offal of bovine animals.