When it comes to international trade, it is important to have a standardized system for classifying goods. The Harmonized System (HS) provides just that, with each product being assigned a unique HS code. In this article, we will delve into the details of HS Code 02063000, which refers to edible offal of swine that is fresh or chilled.
Edible offal refers to the internal organs and entrails of animals that are considered suitable for human consumption. In the case of HS Code 02063000, it specifically pertains to swine or pig offal. This can include organs such as the liver, kidneys, heart, and intestines.
One important aspect to consider when importing or exporting goods is the duty rate. The bound duty rate for HS Code 02063000 is free. This means that there are no tariffs imposed on the import or export of this product. It is worth noting that this duty rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that all trading partners receive the same treatment for the same goods or services.
The quantity unit for HS Code 02063000 is kilograms (KG). This unit of measurement is used to determine the weight of the edible offal being imported or exported.
Additionally, there are special tariff preference programs that can further impact the duty rate for HS Code 02063000. These programs provide certain countries with preferential treatment, often in the form of lower or zero tariffs. For this specific HS code, the following countries have special tariff preferences: Australia (A+), Austria (AU), Bahrain (BH), Canada (CA), Chile (CL), Denmark (D), Ecuador (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Philippines (PE), Singapore (SG).
It is important to note that the special tariff preferences may vary depending on the specific trade agreement or program. For example, imports from least-developed beneficiary developing countries eligible for the Generalized System of Preferences (GSP) under HS Code 02063000 are eligible for duty-free treatment. Other programs, such as the Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and Dominican Republic-Central American Special Rate (DR-CAFTA), also provide duty-free treatment for eligible countries.
Now, let's take a closer look at the import and export statistics for HS Code 02063000. South Dakota is the only state in the United States that imports this product. On the other hand, the exporting states include Iowa, Kansas, Missouri, Nebraska, North Carolina, Oklahoma, and South Dakota.
HS Code 02063000 represents the classification for edible offal of swine that is fresh or chilled. It is important for traders and importers/exporters to be familiar with the duty rates and special tariff preference programs associated with this HS code. By understanding these details, businesses can navigate the international trade landscape more effectively and take advantage of any preferential treatment available.