The HS Code 03062420 refers to crabmeat that is not frozen. In this article, we will provide you with a detailed overview of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and information about importing and exporting to specific US states. So, if you are interested in the crabmeat trade, keep reading!
The HS Code 03062420 specifically covers crabmeat that is not frozen. This code is used to classify and identify crabmeat for international trade purposes. It is important to note that this code only applies to crabmeat that is not frozen. If the crabmeat is frozen, it will fall under a different HS code.
The bound or most-favored-nation (MFN) duty rate for HS Code 03062420 is 7.5%. The MFN duty rate is applicable every time a country lowers a trade barrier or opens up a market. This means that if a country reduces its trade barriers or opens up its market for a specific product, it must do so for the same goods or services from all its trading partners. The 7.5% duty rate applies to crabmeat imported under this HS code.
The quantity unit for HS Code 03062420 is kilograms (KG). This means that the weight of the crabmeat being imported or exported should be measured in kilograms.
There are several special tariff preference programs that apply to crabmeat classified under HS Code 03062420. These programs offer specific benefits and reduced or duty-free treatment for importing countries. The following countries are eligible for special tariff preference programs for this HS code:
These countries enjoy duty-free treatment or special rates when importing crabmeat classified under HS Code 03062420.
When it comes to importing crabmeat classified under HS Code 03062420, the following US states are known to be importers:
These states have a demand for crabmeat and are actively involved in importing it. On the other hand, the following US state is known for exporting crabmeat:
Alaska is a major exporter of crabmeat and plays a significant role in the global crabmeat trade.
HS Code 03062420 covers crabmeat that is not frozen. It has a bound or MFN duty rate of 7.5%. The quantity unit for this HS code is kilograms (KG). Several special tariff preference programs offer duty-free treatment or special rates for importing countries. Massachusetts and Washington are known importers of crabmeat, while Alaska is a major exporter. Understanding the details of HS Code 03062420 is essential for anyone involved in the crabmeat trade.