Flashlights are portable handheld devices that provide a focused beam of light. They are designed for various purposes such as emergency lighting, outdoor activities, and professional use. The HS Code 85131020 specifically refers to flashlights and is used for international trade classification.
Flashlights are commonly used by individuals, organizations, and industries around the world. They come in different sizes, shapes, and power sources, providing versatility for different applications. The HS Code 85131020 helps in identifying and categorizing flashlights for import and export purposes.
When importing flashlights into a country, the HS Code 85131020 is used to determine the applicable customs duty rate. The bound or most-favored-nation (MFN) duty rate for flashlights is 12.5%. This means that regardless of the country of origin, a 12.5% duty is imposed on the import value of flashlights. It ensures equal treatment for all trading partners in terms of trade barriers and market access.
The quantity unit for flashlights specified by the HS Code 85131020 is 'number' (NO). This unit indicates that the quantity of flashlights is measured as individual units.
There are also special tariff preference programs associated with the HS Code 85131020. These programs provide preferential treatment in terms of duty rates for specific countries. The following countries enjoy duty-free treatment: Australia (A), Austria (AU), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), and Panama (PE).
Additionally, Singapore (SG) benefits from a special rate of 1.5% under the HS Code 85131020. This means that flashlights imported from Singapore are subject to a reduced duty rate of 1.5%.
When importing flashlights into the United States, the HS Code 85131020 is utilized to determine the applicable customs duty rate. The same code is used for exporting flashlights from the United States to other countries. It ensures standardized classification and facilitates international trade of flashlights.
Flashlights are essential tools for various applications, including emergency preparedness, outdoor adventures, and professional activities. The HS Code 85131020 plays a crucial role in identifying and classifying flashlights for international trade purposes. It helps in determining customs duty rates and enables countries to maintain fair and balanced trade relationships with their trading partners.