HS Code 03054100: Smoked Pacific, Atlantic and Danube Salmon

When it comes to international trade, it is essential to have a standardized system to classify products. The Harmonized System (HS) provides a unique code for each product, allowing countries to identify and classify goods for customs and trade purposes. In this article, we will explore the HS Code 03054100, which refers to Smoked Pacific, Atlantic, and Danube salmon, including fillets.

Smoked salmon is a popular delicacy enjoyed worldwide. It undergoes a process of curing, smoking, and sometimes seasoning, resulting in a unique flavor profile. The HS Code 03054100 specifically covers smoked salmon sourced from the Pacific, Atlantic, and Danube rivers.

Now let's dive deeper into the details of HS Code 03054100:

Product Description

The product description for HS Code 03054100 is "Smoked Pacific, Atlantic, and Danube salmon, including fillets." This code encompasses various types of smoked salmon originating from these specific regions. Whether it's the rich flavor of Pacific salmon, the delicate taste of Atlantic salmon, or the unique characteristics of Danube salmon, this HS code covers them all.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for HS Code 03054100 is 5%. The MFN principle ensures that when a country reduces trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners. Therefore, any country importing smoked salmon under this HS code will be subject to a 5% duty rate.

Quantity Unit

In international trade, it is crucial to have a standardized unit of measurement for products. For HS Code 03054100, the quantity unit is kilograms (KG). This means that the weight of the smoked salmon, including fillets, will be measured and recorded in kilograms when importing or exporting.

Special Tariff Preference Programs

Several special tariff preference programs are available for imports under HS Code 03054100. These programs provide certain countries with preferential treatment, including duty-free access to the market. Let's take a closer look at some of these programs:

Free Trade Agreement (FTA) Partner Countries: Imports from countries such as Australia (A+), Australia (AU), Bahrain (BH), Canada (CA), Chile (CL), Denmark (D), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Singapore (SG) are eligible for duty-free treatment under specific trade agreements.
Africa Growth and Opportunity Act (AGOA): This program provides duty-free treatment for imports from least-developed beneficiary developing countries.
Caribbean Basin Initiative (CBI): Certain countries in the Caribbean region enjoy duty-free treatment under this program.
Andean Trade Preference Act (ATPA): This program benefits countries in the Andean region, providing duty-free access to the market.
Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from the Dominican Republic and Central American countries can benefit from duty-free treatment under this program.

These special tariff preference programs aim to promote trade and economic growth by granting favorable conditions to specific countries or regions.

Importing and Exporting US States

HS Code 03054100 applies to imports and exports of smoked salmon within the United States. The importing US states can receive shipments of smoked salmon under this HS code from various exporting US states.

It is worth noting that the HS Code 03054100 is just one of many HS codes used in international trade. Each code represents a specific product, allowing for easy identification and classification. Having a standardized system like the HS ensures transparency, efficiency, and accurate trade statistics.