HS Code 01042000 refers to live goats, which are classified under Chapter 1 of the Harmonized System (HS) for tariff classification. This code is used internationally to standardize the classification and categorization of goods for import and export purposes. In this article, we will explore the details of HS Code 01042000 and its significance in international trade.
Product Description: Live goats fall under HS Code 01042000. This code specifically covers live animals of the caprine species, including goats and kids. It is important to note that this code does not include slaughtered or processed goat meat, as those fall under different HS codes.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for live goats under HS Code 01042000 is 68 cents per head. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners.
Quantity Unit: The quantity unit for live goats is measured in numbers (NO). This means that the unit of measurement is the individual animal, rather than weight or volume.
Special Tariff Preference Programs: Live goats under HS Code 01042000 are eligible for various special tariff preference programs. These programs offer preferential treatment in terms of duty rates or duty-free treatment. The following countries and programs provide special rates for importing live goats:
These special tariff preference programs allow for reduced or duty-free import duties on live goats, promoting trade and economic cooperation between countries.
Importing US States: Live goats classified under HS Code 01042000 can be imported into various states in the United States. These states include but are not limited to:
Exporting US States: On the other hand, the United States is also a significant exporter of live goats. Some of the states that actively export live goats under HS Code 01042000 include:
These states have favorable climatic conditions and a thriving livestock industry, making them ideal for the export of live goats.
HS Code 01042000 plays a crucial role in the international trade of live goats. It provides a standardized classification for these animals, allowing for efficient customs procedures and accurate tariff calculations. The special tariff preference programs further encourage trade by offering reduced or duty-free treatment for importing live goats. Whether you are an importer or exporter of live goats, understanding and complying with HS Code 01042000 is essential for successful international trade in this industry.