The HS Code 85198140 refers to sound recording and reproducing apparatus that use magnetic tape, optical media, or semiconductor media. This code is used to classify and categorize this specific type of product for international trade purposes.
Sound recording and reproducing apparatus are devices used to record, store, and play back audio. They are commonly used in various industries, including music, entertainment, broadcasting, and telecommunications. These devices can be found in homes, recording studios, radio stations, and concert venues.
The HS Code 85198140 is important for importers, exporters, and customs officials as it helps facilitate international trade by providing a standardized classification system. This code ensures that the appropriate duties, taxes, and regulations are applied to the specific product being traded.
When importing goods classified under HS Code 85198140 into the United States, the quantity unit is measured in numbers (NO). This unit indicates the number of sound recording and reproducing apparatus being imported.
One significant aspect of this HS Code is the bound/MFN duty rate, which is free. This means that when 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 promotes equal treatment and fair competition in international trade.
Additionally, there are special tariff preference programs associated with the HS Code 85198140. These programs provide specific countries with preferential treatment, such as duty-free treatment or special rates. The following countries benefit from these programs: Australia, Bahrain, Canada, Chile, Israel, Jordan, Morocco, Mexico, Oman, the Dominican Republic, Peru, and Singapore.
For example, the Generalized System of Preferences (GSP) offers duty-free treatment for sound recording and reproducing apparatus from various countries. The Automotive Products Trade Act (APTA) provides duty-free treatment for Australia. NAFTA grants duty-free treatment for Canada and Mexico. The Caribbean Basin Initiative (CBI) offers duty-free treatment for eligible countries in the Caribbean region. Israel benefits from duty-free treatment under the Andean Trade Preference Act (ATPA). Jordan, Morocco, Oman, the Dominican Republic, Peru, and Singapore also have special rates for this HS Code.
the HS Code 85198140 is used to classify sound recording and reproducing apparatus using magnetic tape, optical media, or semiconductor media. This code is essential for international trade, ensuring proper classification, and facilitating the application of duties, taxes, and regulations. Various tariff preference programs provide special treatment for specific countries, promoting fair trade practices.