Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 66020000: Walking-sticks, seat-sticks, whips, riding-crops and the like

When it comes to international trade, it is essential to have a standardized system that allows for the smooth flow of goods across borders. The Harmonized System (HS) code is a classification system used by countries worldwide to classify traded products. Each HS code represents a specific product or group of products. In this article, we will delve into HS Code 66020000, which represents walking-sticks, seat-sticks, whips, riding-crops, and similar items.

HS Code 66020000 falls under Chapter 66 of the HS classification, which covers umbrellas, sun umbrellas, walking-sticks, seat-sticks, whips, riding-crops, and similar items. This code is used to identify and categorize these specific products for customs and trade purposes.

The product description for HS Code 66020000 is quite explicit. It includes walking-sticks, seat-sticks, whips, riding-crops, and other similar items. These items are commonly used for support, recreational activities, or equestrian purposes.

When it comes to importing or exporting products classified under HS Code 66020000, it is essential to be aware of the applicable duty rates. The bound / MFN (Most Favored Nation) duty rate for this code is 4%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate ensures fair and equal treatment for all countries involved in international trade.

In addition to the general duty rate, there are also special tariff preference programs available for products classified under HS Code 66020000. These programs provide certain countries with preferential treatment or exemptions from duty payments. Below are some of the special tariff preference programs applicable to this HS code:

• Generalized System of Preferences (GSP) - Provides duty-free treatment for eligible countries, including Australia, Bahrain, Canada, Chile, Israel, Jordan, Morocco, Mexico, Oman, Peru, Singapore, and others.
• Australia Special Rate - Offers a special rate for Australia under specific trade agreements.
• NAFTA for Canada - Grants duty-free treatment for Canada under the North American Free Trade Agreement.
• Chile Special Rate - Provides a special rate for Chile under specific trade agreements.
• Caribbean Basin Initiative (CBI) - Offers duty-free treatment for eligible countries in the Caribbean region.
• Israel Special Rate - Grants duty-free treatment for Israel under specific trade agreements.
• Andean Trade Preference Act (ATPA) - Provides preferential treatment for eligible countries in the Andean region.
• Jordan Special Rate - Offers a special rate for Jordan under specific trade agreements.
• Morocco Special Rate - Grants a special rate for Morocco under specific trade agreements.
• NAFTA for Mexico - Provides duty-free treatment for Mexico under the North American Free Trade Agreement.
• Oman Special Rate - Offers a special rate for Oman under specific trade agreements.
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Provides preferential treatment for eligible countries in the Dominican Republic and Central America.
• Peru Special Rate - Grants a special rate for Peru under specific trade agreements.
• Singapore Special Rate - Offers a special rate for Singapore under specific trade agreements.

Knowing the applicable duty rates and special tariff preference programs for HS Code 66020000 can be beneficial for businesses involved in the import and export of walking-sticks, seat-sticks, whips, riding-crops, and similar items. It allows them to make informed decisions and take advantage of any available trade benefits.

In terms of quantities, the unit used for HS Code 66020000 is "number" (NO). This unit indicates that the quantity of products traded under this code is measured in numbers or individual units.

Now that we have explored the details of HS Code 66020000, it is evident that this code plays a crucial role in international trade. It enables the proper classification, regulation, and facilitation of walking-sticks, seat-sticks, whips, riding-crops, and similar items across borders. Businesses and traders can navigate the complexities of global trade more efficiently by understanding and adhering to the regulations associated with this HS code.

So, whether you are a business owner, importer, or exporter dealing with these products, it is essential to familiarize yourself with HS Code 66020000 and its implications. By doing so, you can ensure smooth customs clearance, take advantage of applicable trade benefits, and contribute to the growth of international trade.