The HS Code 85232100 refers to cards that incorporate a magnetic stripe. These cards are widely used in various industries for different purposes, including identification, access control, payment systems, and more. The magnetic stripe on these cards contains encoded data that can be read by card readers or card-swiping machines.
When it comes to international trade, the HS Code plays a crucial role in classifying products for customs and tariff purposes. It is a standardized system used globally to identify and categorize traded goods. The HS Code 85232100 specifically categorizes cards incorporating a magnetic stripe.
Importing these cards into the United States is subject to certain regulations and duty rates. The bound or most-favored-nation (MFN) duty rate for HS Code 85232100 is free. This means that the products falling under this HS Code can be imported into the United States without any duty charges. It is important to note that the bound duty rate remains constant, regardless of any special tariff preference programs that may apply.
However, there are special tariff preference programs that provide additional benefits for importing countries. In the case of HS Code 85232100, the following countries enjoy duty-free treatment under specific programs:
Now, let's take a look at the specific states within the United States that import and export products classified under HS Code 85232100:
Understanding the HS Code and its relevant information is crucial for both importers and exporters. It ensures proper classification of goods, compliance with regulations, and allows for accurate calculation of duties and taxes. HS Code 85232100 specifically applies to cards incorporating a magnetic stripe, and importers and exporters involved in the trade of such products should familiarize themselves with the applicable regulations and duty rates.