The HS Code 03034500 refers to bluefin tunas (Thunnas thynnus) that are frozen, excluding fillets, other meat portions, livers, and roes. This code is used in international trade to classify and identify specific products for customs purposes. In this article, we will explore the details of this HS Code, including its description, duty rates, quantity unit, and special tariff preference programs.
The product description for HS Code 03034500 is bluefin tunas. Bluefin tuna, scientifically known as Thunnas thynnus, is a highly prized fish species due to its rich flavor and high oil content. These tunas are frozen and are specifically categorized to exclude fillets, other meat portions, livers, and roes. This distinction helps in accurately identifying and classifying the product for international trade.
The bound / MFN (Most Favored Nation) duty rate for HS Code 03034500 is free. 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. As a result, countries importing bluefin tunas under this HS Code will not be subjected to any duty charges.
The quantity unit for HS Code 03034500 is kilograms (KG). This unit of measurement is used to determine the weight of the bluefin tunas being imported or exported. It provides a standardized way of quantifying the products and helps in accurate record-keeping and trade statistics.
Special tariff preference programs may be available for bluefin tunas imported under HS Code 03034500, depending on the countries involved in the trade. These programs aim to promote trade and economic cooperation between specific countries by providing preferential treatment in terms of reduced or eliminated duties.
Importing US states and exporting US states are two essential factors to consider when exploring special tariff preference programs. These programs may vary based on the origin and destination of the bluefin tunas. It is crucial for importers and exporters to be aware of any applicable trade agreements or programs that can provide them with advantages in terms of tariff rates.
HS Code 03034500 represents frozen bluefin tunas, excluding fillets, other meat portions, livers, and roes. It is essential for importers, exporters, and customs authorities to accurately classify and identify the products using this code. Understanding the duty rates, quantity unit, and special tariff preference programs associated with this HS Code can help facilitate smooth international trade and promote economic cooperation among nations.