The HS Code 99040203 refers to beef carcasses, fresh or chilled, which are classified under the product category of 0201.10.50 and 0201.20.80. This HS code is specifically associated with beef carcasses that have been entered in the value safeguard period, with a price range of $0.45-$0.649 per kilogram (kg).
When it comes to international trade, HS codes play a crucial role in identifying and classifying products for customs and regulatory purposes. These codes are used globally and are essential for ensuring smooth and efficient cross-border trade.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99040203 is 35 cents/kg. The MFN duty rate is a standard tariff rate that applies to all trading partners of a country. It ensures that when a country lowers trade barriers or opens up a market, it does so for the same goods or services from all its trading partners.
The quantity unit for HS Code 99040203 is kilograms (KG). This means that the weight of the beef carcasses, fresh or chilled, will be measured in kilograms for import and export purposes.
There are various special tariff preference programs that may apply to the import and export of beef carcasses, fresh or chilled, under HS Code 99040203. These programs provide certain benefits or exemptions to eligible countries or regions, promoting trade and economic cooperation.
When importing beef carcasses, fresh or chilled, under HS Code 99040203 to the United States, certain special tariff preference programs may be available. These programs can provide reduced duty rates or exemptions for eligible countries, stimulating trade and supporting economic partnerships.
For exporters in the United States, HS Code 99040203 allows them to export beef carcasses, fresh or chilled, to various countries around the world. Exporters can benefit from special tariff preference programs offered by destination countries, which may include reduced duty rates or exemptions.
HS Code 99040203 is used to classify beef carcasses, fresh or chilled, for import and export purposes. Understanding this HS code is important for traders, customs officials, and other stakeholders involved in international trade. By knowing the specific HS code and associated regulations, businesses can navigate the global market more effectively and take advantage of special tariff preference programs that promote trade and economic cooperation.