Pre-recorded magnetic tapes have been a popular medium for storing and playing back audio and video content for decades. The HS Code 85232960 specifically refers to pre-recorded magnetic tapes that have a width exceeding 4 mm but not exceeding 6.5 mm, and are classified as "nesoi" (not elsewhere specified or included).
These tapes are commonly used for various purposes, including music recordings, movie soundtracks, data storage, and more. They are compact and convenient, making them a preferred choice for both personal and professional use.
According to the data provided, the bound / MFN (Most Favored Nation) duty rate for this product is 4.8 cents/m2 of recording surface. It is important to note that this duty rate is applicable every time a country lowers a trade barrier or opens up a market. This means that if a country reduces tariffs or trade restrictions for similar goods or services, it must do so for all its trading partners.
The quantity unit for this product is square meters (M2). This unit is used to measure the recording surface of the pre-recorded magnetic tapes. It helps in determining the duty rate and calculating the cost of importing or exporting these tapes.
Several special tariff preference programs are available for the importation of pre-recorded magnetic tapes under HS Code 85232960. These programs provide various benefits, including duty-free treatment. The following countries and regions offer special tariff rates for this product:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating customs duties on specific goods.
Based on the data provided, the following US states are involved in the importation of pre-recorded magnetic tapes under HS Code 85232960:
These states are actively involved in the importation and distribution of pre-recorded magnetic tapes, catering to the demands of consumers and businesses within their respective regions.
On the other hand, the following US states are involved in the exportation of pre-recorded magnetic tapes under HS Code 85232960:
These states contribute to the global market by exporting pre-recorded magnetic tapes to various countries, meeting the demand for these products worldwide.
HS Code 85232960 covers pre-recorded magnetic tapes with specific width specifications. The bound / MFN duty rate, quantity unit, special tariff preference programs, and the involvement of different US states in importing and exporting these tapes highlight the significance of this HS code in international trade.