Animal feed is a vital component in ensuring the health and well-being of livestock. Among the various types of animal feed available, one specific category is feed containing milk or milk derivatives. This article focuses on HS Code 99042303, which pertains to the classification of this particular type of animal feed.
The HS Code 99042303 is utilized to identify and classify animal feed products that contain milk or milk derivatives. This code is further divided into two sub-categories: 2309.90.28 and 2309.90.48. These sub-categories provide a more specific classification for distinguishing between variations of animal feed containing milk or milk derivatives.
When importing or exporting animal feed under HS Code 99042303, it is essential to be aware of any applicable duty rates. The bound / MFN (Most Favored Nation) duty rate for this HS code is set at 15.1 cents per kilogram (kg). This means that every time 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.
Furthermore, it is important to note that the value of the animal feed entered in the value safeguard period is priced between $0.35 and $0.449 per kg. This information provides insight into the approximate market value of animal feed containing milk or milk derivatives under HS Code 99042303.
The quantity unit for this HS code is kilograms (KG). This unit of measurement allows for consistency and ease of trade when importing or exporting animal feed products. It ensures that all parties involved have a clear understanding of the quantity being traded.
In addition to the general information provided above, HS Code 99042303 may also be subject to special tariff preference programs. These programs offer certain benefits or exemptions to eligible importers or exporters. It is advisable to consult with the relevant authorities or conduct further research to identify any specific programs that may be applicable to this HS code.
Importing states in the United States and exporting states play a significant role in the trade of animal feed containing milk or milk derivatives under HS Code 99042303. These states serve as crucial nodes in the supply chain, facilitating the movement of goods between different regions. It is essential for traders and businesses involved in the import or export of animal feed to be aware of the specific requirements and regulations imposed by the importing and exporting states.
To summarize, HS Code 99042303 pertains to animal feed containing milk or milk derivatives. It is essential to understand the specific sub-categories, duty rates, value safeguard period, quantity unit, and any applicable special tariff preference programs when dealing with this HS code. Importing and exporting states also play a crucial role in facilitating trade under this HS code. By adhering to the regulations and requirements associated with HS Code 99042303, traders can ensure smooth and compliant transactions in the animal feed industry.