When it comes to eyewear, there are various components that come together to create a functional and stylish pair of glasses or goggles. HS Code 90039000 specifically refers to the parts of frames and mountings for spectacles, goggles, or similar products.
The bound or MFN duty rate for this HS code is set at 2.5%. This means that when importing or exporting these parts, a 2.5% duty will be applied. It's important to note that this duty rate applies to all trading partners under the principle of most-favored nation (MFN) treatment. This principle ensures that trade barriers are lowered or markets are opened up consistently for the same goods or services from all countries.
The quantity unit for this HS code is "no units collected" (X). This indicates that the data on the quantity of these parts imported or exported is not collected or specified. However, the significance of this information may vary depending on the context and purpose of the data analysis.
Special tariff preference programs are also available for this HS code. The following countries or regions have specific tariff rates or exemptions:
These special tariff preference programs provide certain countries or regions with duty-free treatment or specific rates for importing or exporting these parts. It is essential for businesses and individuals involved in the eyewear industry to be aware of these programs to optimize their trade activities and take advantage of the available benefits.
When it comes to importing these parts into the United States, the data indicates that they are primarily imported by the states of Rhode Island and Georgia. On the other hand, the exporting states within the US are New Hampshire.
Understanding the HS code 90039000 and the associated data is crucial for businesses, manufacturers, and traders involved in the eyewear industry. It helps them navigate the international trade landscape, determine applicable duties and tariffs, and identify opportunities for preferential treatment through special tariff preference programs.
By staying up-to-date with the latest regulations and leveraging the information provided by the HS code and associated data, businesses can streamline their import and export processes, optimize their supply chains, and ultimately enhance their competitiveness in the global market.