Beef carcasses are an important product in the global market, and their trade is regulated and classified by a system called the Harmonized System (HS) Code. The HS Code is a standardized international system used to classify and identify products for import and export purposes. In this article, we will explore the HS Code 99040211, which specifically refers to frozen beef carcasses entering the market during a value safeguard period with a duty rate of $0.35-$0.549/kg.
The product description for HS Code 99040211 is beef carcasses that are frozen. These carcasses fall under the category of 0202.10.50 and 0202.20.80 according to the HS Code classification. It is important to note that the HS Code is an internationally recognized system, and this code is used by customs authorities and traders worldwide to facilitate the smooth movement of goods across borders.
When it comes to trade, countries often have different tariffs and duties imposed on imported goods. However, the concept of Most Favored Nation (MFN) duty rate ensures that countries treat all their trading partners equally. 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. In the case of HS Code 99040211, the bound/MFN duty rate is 46.6 cents/kg.
The quantity unit for HS Code 99040211 is kilograms (KG). This means that the weight of the beef carcasses, when imported or exported, is measured in kilograms. The unit of measurement is crucial for accurate pricing, inventory management, and logistics purposes.
Special tariff preference programs may also be applicable to HS Code 99040211. These programs are designed to promote trade and economic cooperation between countries. They provide preferential treatment, such as reduced or exempted duties, to certain products or trading partners. However, specific information regarding any special tariff preference programs for HS Code 99040211 is not available in the provided data.
Importing US states and exporting US states are also relevant factors to consider in the context of HS Code 99040211. Different US states may have varying levels of demand for beef carcasses, and certain states may specialize in beef production while others may rely on imports. Understanding the importing and exporting states can help identify potential market opportunities and trade patterns for this specific product.
In summary, HS Code 99040211 refers to frozen beef carcasses falling under the classification of 0202.10.50 and 0202.20.80. It is crucial for importers, exporters, and customs authorities to accurately identify and classify products using the HS Code system to ensure compliance with trade regulations. The bound/MFN duty rate for this HS Code is 46.6 cents/kg, and the quantity unit is kilograms (KG). Special tariff preference programs and the importing/exporting US states may also impact the trade dynamics of this product.