Beef carcasses, fresh or chilled, falling under HS code 99040206, are a significant product in international trade. This article aims to provide an educational overview of this specific HS code, including its product description, tariff rates, quantity unit, and special tariff preference programs.
HS code 99040206 refers to beef carcasses, fresh or chilled, which are classified under subheadings 0201.10.50 and 0201.20.80. These subheadings are part of the broader category of meat and edible meat offal.
When imported under this HS code, the beef carcasses are subject to a value safeguard period, with a price range of $1.05 to $1.249 per kilogram. This value safeguard period ensures that the import of beef carcasses does not disrupt the domestic market and provides stability to the industry.
The bound or Most Favored Nation (MFN) duty rate for HS code 99040206 is 8.8 cents per kilogram. The MFN duty rate is the rate that applies to imports from all trading partners equally. It means that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
This duty rate ensures fair and non-discriminatory treatment for all countries involved in trade. It promotes transparency and equal opportunities for importers and exporters across the globe.
The quantity unit for HS code 99040206 is kilograms (KG). This means that the weight of beef carcasses, fresh or chilled, is measured and traded in kilograms. The use of a standardized quantity unit facilitates accurate measurements and simplifies trade transactions.
Special tariff preference programs may be available for beef carcasses, fresh or chilled, imported under HS code 99040206. These programs aim to promote trade between specific countries or regions by providing preferential tariff treatment.
Importing US states and exporting US states may have different programs in place that offer reduced or zero tariffs for certain goods, including beef carcasses. These programs help foster economic relations and encourage trade partnerships between specific regions.
It is important for importers and exporters to stay updated with the latest information on special tariff preference programs to take advantage of potential cost savings and trade opportunities.
HS code 99040206 encompasses beef carcasses, fresh or chilled, and plays a significant role in international trade. Understanding the product description, tariff rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers, exporters, and other stakeholders involved in the beef industry.