The Harmonized System (HS) Code 85271360 refers to radiobroadcast receivers that are capable of operating without an external power source. These receivers are combined with sound recording or reproducing apparatus, and the code is used to classify and identify these specific products for import and export purposes.
When it comes to international trade, the HS code plays a crucial role in ensuring uniformity and consistency in the classification of goods. It allows countries to track and monitor the movement of goods, apply appropriate duties and tariffs, and enforce trade regulations.
The product description associated with HS Code 85271360 specifies that it covers radiobroadcast receivers that can operate independently without the need for an external power source. Additionally, these receivers are combined with sound recording or reproducing apparatus, which means they can record or play audio content.
The bound or Most Favored Nation (MFN) duty rate for this HS code is free. This means that countries are not required to impose any import duties or tariffs when trading this specific product. The principle behind the MFN duty rate is 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.
The quantity unit for HS Code 85271360 is number (NO), indicating that the product is measured and traded in individual units.
There are also special tariff preference programs associated with this HS code. The following countries enjoy free trade benefits for this product: Australia, Bahrain, Canada, Chile, European Union (EU), Israel, Japan, Jordan, Morocco, Mexico, Oman, Panama, Peru, Singapore, and the United States.
These special tariff preference programs provide various forms of duty-free treatment or special rates for the importation of goods classified under HS Code 85271360. For example, the Generalized System of Preferences (GSP) offers duty-free treatment for eligible products, including this specific product category.
Other special tariff preference programs include the Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate.
In terms of importing and exporting, HS Code 85271360 is relevant for both the importing and exporting US states. It helps customs authorities and trade professionals accurately identify and classify the products being traded, ensuring compliance with trade regulations and facilitating smooth international trade.
HS Code 85271360 represents radiobroadcast receivers that can operate without an external power source and are combined with sound recording or reproducing apparatus. This code plays a crucial role in international trade by facilitating the classification, tracking, and regulation of these specific products. Countries may apply special tariff preference programs for this HS code, allowing for duty-free treatment or special rates. Importing and exporting US states must consider this HS code when trading these products to ensure compliance with trade regulations.