HS Code 02072540: Turkeys, not cut in pieces, valued 88 cents or more per kg, frozen
The HS (Harmonized System) Code 02072540 refers to turkeys that are not cut in pieces, with a minimum value of 88 cents per kilogram, and are frozen. This code is used to classify and identify this specific type of turkey in international trade.
When importing or exporting goods, it is important to use the correct HS code to ensure proper classification and adherence to customs regulations. Using the HS code allows for consistency and uniformity in trade documentation.
The quantity unit for this product is kilograms (KG), which is the standard unit of measurement for weight in international trade.
Bound / MFN Duty Rate
The bound / Most Favored Nation (MFN) duty rate for HS Code 02072540 is 10%. The MFN principle 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. This ensures fair and non-discriminatory treatment in international trade.
With a duty rate of 10%, importers of turkeys classified under HS Code 02072540 will be required to pay this percentage of the declared value of the goods as customs duty.
Special Tariff Preference Programs
There are several special tariff preference programs applicable to imports of turkeys classified under HS Code 02072540:
- Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
- Australia Special Rate: Turkeys imported from Australia may have a special rate applicable.
- Bahrain Special Rate: Turkeys imported from Bahrain may have a special rate applicable.
- NAFTA for Canada: Turkeys imported from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
- Chile Special Rate: Turkeys imported from Chile may have a special rate applicable.
- Africa Growth and Opportunity Act (AGOA): Turkeys imported from eligible African countries under AGOA receive duty-free treatment.
- Caribbean Basin Initiative (CBI): Turkeys imported from eligible Caribbean countries under CBI receive duty-free treatment.
- Israel Special Rate: Turkeys imported from Israel may have a special rate applicable.
- Andean Trade Preference Act (ATPA): Turkeys imported from eligible Andean countries under ATPA may have a special rate applicable.
- Jordan Special Rate: Turkeys imported from Jordan may have a special rate applicable.
- Morocco Special Rate: Turkeys imported from Morocco may have a special rate applicable.
- NAFTA for Mexico: Turkeys imported from Mexico under NAFTA receive duty-free treatment.
- Oman Special Rate: Turkeys imported from Oman may have a special rate applicable.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Turkeys imported from DR-CAFTA countries may have a special rate applicable.
- Peru Special Rate: Turkeys imported from Peru may have a special rate applicable.
- Singapore Special Rate: Turkeys imported from Singapore may have a special rate applicable.
Importing and Exporting US States
The following US states are involved in the import and export of turkeys classified under HS Code 02072540:
Importing US States:
Exporting US States:
- Iowa
- Kansas
- Missouri
- Nebraska
- North Carolina
- Oklahoma
- South Dakota
- Iowa
- Kansas
- Missouri
- Nebraska
- North Carolina
- Oklahoma
- South Dakota
- Nebraska
- South Dakota
- Iowa
- South Dakota
- Arkansas
- Alabama
- Arkansas
- Delaware
- Georgia
- Mississippi
- South Carolina
- Virginia
These states play a significant role in the import and export of turkeys, contributing to the overall trade of this product in the United States.
HS Code 02072540 represents frozen turkeys that are not cut in pieces and valued at 88 cents or more per kilogram. Understanding the HS code, duty rates, special tariff preference programs, and the involvement of specific US states in the trade of this product is essential for importers, exporters, and customs authorities.
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