Animal feed is an essential component in the agricultural industry, providing necessary nutrition for livestock and ensuring their health and productivity. Among the various types of animal feed available, one specific category is feed containing milk or milk derivatives. This article delves into the details of this specific product, its classification under HS Code 99042304, and the relevant information associated with it.
The HS Code 99042304 refers to animal feed containing milk or milk derivatives. This feed is classified under two specific subheadings within the Harmonized System, namely 2309.90.28 and 2309.90.48. These subheadings are used to categorize the product for international trade purposes and facilitate the smooth flow of goods across borders.
It is important to note that the animal feed in question falls under the value safeguard period, indicating its significance in terms of trade regulations. The value safeguard period for this product ranges from $0.45 to $0.549 per kilogram. This not only ensures fair pricing but also allows for effective market competition.
The bound duty rate for HS Code 99042304 is 10.1 cents per kilogram. The concept of bound duty rate is crucial in international trade as it ensures 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 principle promotes fairness and equality in trade relations.
The quantity unit for animal feed containing milk or milk derivatives is kilograms (KG). This unit of measurement allows for standardized trade calculations and facilitates efficient trading processes.
In addition to the general trade regulations and duty rates, there are various special tariff preference programs available for specific products. Although not explicitly mentioned in the provided data, it is worth exploring if any special programs exist for animal feed containing milk or milk derivatives under HS Code 99042304.
As the HS Code 99042304 pertains to international trade, it is important to consider the specific states involved in importing and exporting this product within the United States. The data provided does not mention the specific states, but it is crucial to ensure compliance with state regulations and requirements when engaging in trade activities related to animal feed containing milk or milk derivatives.
animal feed containing milk or milk derivatives, classified under HS Code 99042304, plays a significant role in the agricultural industry. Understanding the specific details of this product, including its classification, duty rates, quantity unit, and potential special tariff programs, is vital for both importers and exporters involved in its trade. Adhering to international trade regulations and ensuring compliance with state-specific requirements will facilitate seamless trade and contribute to the overall growth of the agricultural sector.