When it comes to international trade, various codes and regulations govern the import and export of goods. One such code is the HS Code, which stands for Harmonized System Code. Each product is assigned a unique HS Code to classify it for customs and statistical purposes.
HS Code 85284980 specifically refers to black and white or other monochrome video monitors. These monitors are widely used in various industries and applications, such as security surveillance systems, professional broadcasting, medical imaging, and industrial control systems.
Understanding the HS Code 85284980 is crucial for importers and exporters of black and white or monochrome video monitors. It helps them classify their products correctly, determine applicable duties, and comply with trade regulations.
Let's delve into the details of HS Code 85284980 and explore the relevant information:
Bound / MFN Duty Rate: 5%
The Bound / MFN (Most Favored Nation) duty rate for HS Code 85284980 is 5%. This means that when 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. The 5% duty rate applies uniformly to all countries.
Quantity Unit: Number (NO)
The quantity unit for HS Code 85284980 is "number" (NO). This unit indicates that the quantity of the product is measured in individual units or pieces.
HS Code 85284980 is eligible for various special tariff preference programs, which provide certain countries with preferential treatment or duty-free access to the market. The following programs apply to imports of black and white or monochrome video monitors:
These special tariff preference programs offer different benefits and duty-free treatment based on specific trade agreements and economic partnerships between countries.
HS Code 85284980 applies to imports and exports of black and white or monochrome video monitors in various US states. While the provided data only mentions South Dakota multiple times, it is important to note that this HS Code is applicable to all US states for import and export purposes.
Understanding the HS Code 85284980 and its associated regulations is essential for businesses involved in the import and export of black and white or monochrome video monitors. Compliance with the correct HS Code ensures smooth customs clearance, accurate duty assessment, and adherence to trade agreements.
By correctly classifying their products under HS Code 85284980, importers and exporters can navigate the complexities of international trade while taking advantage of applicable duty rates and tariff preference programs.