When it comes to international trade, it is important to have a standardized system for classifying products. This is where the Harmonized System (HS) code comes into play. HS Code 85271950 refers to radiobroadcast receivers that are capable of operation without external power, not elsewhere specified or included. In this article, we will explore this HS code in detail and understand its implications in international trade.
Product Description:
The product described under HS Code 85271950 is a type of radiobroadcast receiver. These receivers have the unique capability of operating without the need for external power. This means that they can function using their own internal power source, such as batteries or solar power. The receivers covered by this HS code are not specified or included in any other category, making them distinct in their functionality.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 85271950 is 3%. The MFN principle states that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This ensures equal treatment and non-discrimination among trading partners.
Quantity Unit:
The quantity unit for HS Code 85271950 is the number (NO). This means that the product is measured and traded based on the number of radiobroadcast receivers imported or exported.
Special Tariff Preference Programs:
There are several special tariff preference programs applicable to HS Code 85271950. These programs provide specific tariff rates or duty-free treatment to eligible countries. Here are the programs and the corresponding countries:
These special rates or duty-free treatments provide an advantage to the countries involved in the trade of radiobroadcast receivers under HS Code 85271950. It encourages trade and promotes economic cooperation between the participating nations.
Importing US States and Exporting US States:
HS Code 85271950 is applicable to both importing and exporting radiobroadcast receivers in the United States. The specific states involved in the import and export of these receivers may vary depending on the trade activities. However, it is important to note that the HS code remains the same regardless of the states involved.
HS Code 85271950 represents radiobroadcast receivers that can operate without external power. It has a specific bound duty rate of 3% and is measured in the quantity unit of number (NO). There are also various special tariff preference programs applicable to this HS code, providing specific tariff rates or duty-free treatment to eligible countries. Understanding the HS code and its implications is crucial for businesses engaged in international trade.