Beef carcasses are a popular commodity in the global market, and their trade is regulated through a classification system called the Harmonized System (HS) code. One such HS code is 99040213, which specifically refers to frozen beef carcasses falling under the categories 0202.10.50 and 0202.20.80. In this article, we will explore the details of this HS code and its implications for international trade.
The product covered by HS Code 99040213 includes frozen beef carcasses. It is important to note that this code specifically mentions the categories 0202.10.50 and 0202.20.80, which further define the type and quality of the beef carcasses. The products falling under this code are subject to value safeguard period regulations, with a price range of $0.75-$0.949 per kilogram (KG).
The bound / most favored nation (MFN) duty rate for HS Code 99040213 is set at 23.1 cents per kilogram (KG). This rate is applicable every time a country lowers a trade barrier or opens up its market. It ensures that any trade concessions granted by a country are extended to all its trading partners for the same goods or services. The MFN duty rate promotes fair and equal trade practices among nations.
The unit of measurement for HS Code 99040213 is kilograms (KG). This means that the quantity of beef carcasses imported or exported under this code will be measured in KG. It is essential for traders and authorities to accurately measure and report the quantity to ensure compliance with trade regulations and to facilitate efficient trade transactions.
Special tariff preference programs play a crucial role in facilitating trade and promoting economic cooperation between countries. While not specifically mentioned for HS Code 99040213, it is worth noting that various special tariff preference programs exist that may provide benefits for the import or export of beef carcasses. These programs include free trade agreements, preferential trade arrangements, and regional economic integration initiatives.
As HS Code 99040213 is used for international trade, it is important to consider the importing and exporting US states. The United States is a significant player in the global beef industry, both as an importer and exporter. Major beef-importing states in the US include California, Texas, and New York, while leading beef-exporting states are Texas, Kansas, and Nebraska.
These states play a crucial role in facilitating the trade of beef carcasses, including those falling under HS Code 99040213. Trade flows between these states and their international partners contribute to the overall economic growth and development of the beef industry.
HS Code 99040213 represents frozen beef carcasses falling under specific categories. Understanding this HS code is essential for traders, importers, exporters, and authorities involved in international trade. The code's product description, bound / MFN duty rate, quantity unit, and knowledge of special tariff preference programs can help streamline trade processes and ensure compliance with regulations.
As the global beef market continues to evolve, staying informed about HS codes and their implications is crucial for successful trade operations. By understanding and utilizing codes like HS Code 99040213, traders can navigate the complexities of international trade and contribute to the growth of the beef industry.