The HS Code 89039915 refers to vessels, specifically row boats, that are not designed to be primarily used with motors or sails. This code classifies these types of boats for international trade purposes, allowing for the proper categorization and regulation of imports and exports.
When importing or exporting products under this HS code, it is important to consider the relevant duty rates and special tariff preference programs. The bound or most-favored-nation (MFN) duty rate for this code is 2.7%. This means that whenever a country reduces a trade barrier or opens up a market, it must apply the same duty rate to the same goods or services from all its trading partners.
The quantity unit for this HS code is measured in numbers (NO), indicating the number of vessels being imported or exported.
There are also special tariff preference programs available for this HS code. Some of the countries that offer preferential treatment include:
These special rates or duty-free treatments are part of various trade agreements and programs aimed at promoting economic cooperation and development among the participating countries.
When it comes to importing into the United States, the following states have been identified as significant importers of products classified under HS Code 89039915:
These states have shown a higher demand for row boats or vessels not primarily used with motors or sails.
HS Code 89039915 plays a crucial role in the international trade of vessels, specifically row boats. It provides a standardized classification for these products, allowing for proper regulation and facilitation of imports and exports. Understanding the duty rates and special tariff preference programs associated with this code is essential for businesses engaged in the global trade of row boats.