Beef carcasses have long been a staple in the culinary world, loved by many for their succulent taste and versatility in cooking. In the world of trade, beef carcasses fall under the HS Code 99040205, which specifically refers to fresh or chilled beef carcasses that are entered in value safeguard period.
When we delve deeper into the HS Code, we find that the beef carcasses are classified under two subheadings: 0201.10.50 and 0201.20.80. These subheadings provide more specificity to the product description, helping streamline international trade and customs procedures.
It is worth noting that the value safeguard period for this HS Code is accompanied by a specific price range. The price range for importing beef carcasses falls between $0.85 and $1.049 per kilogram. This price range acts as a safeguard against potential fluctuations in market prices.
Now, let's explore the bound / MFN duty rate associated with HS Code 99040205. The bound duty rate for this code is set at 14.8 cents per kilogram. The bound duty rate refers to the maximum customs duty that a country can impose on a particular product. It is important to note that this bound duty rate applies every time a country lowers a trade barrier or opens up a market. This ensures that all trading partners receive equal treatment when it comes to goods or services.
When importing beef carcasses, the quantity unit used is kilograms (KG). This standard unit of measurement helps facilitate accurate and consistent trade transactions across different countries.
In addition to the standard regulations and duty rates, there are special tariff preference programs that may apply to HS Code 99040205. These programs offer certain benefits and preferences to specific countries or regions, aiming to promote trade and economic cooperation. However, it is important to research and understand the specific requirements and eligibility criteria for these programs before taking advantage of them.
Importing and exporting beef carcasses involves various US states. The importing US states receive the fresh or chilled beef carcasses, while the exporting US states are responsible for supplying these products. This inter-state trade contributes to the overall economy and ensures a steady supply of quality beef carcasses throughout the country.
HS Code 99040205 encompasses the import and export of fresh or chilled beef carcasses. Understanding the specific HS Code and its associated regulations, duty rates, and special programs is essential for smooth and compliant international trade. Whether you are a producer, importer, or exporter of beef carcasses, familiarity with HS Code 99040205 will help you navigate the complexities of the global market.