When it comes to international trade, each product is categorized and assigned a specific code known as the Harmonized System (HS) code. The HS code 90064090 represents a particular type of product: instant print cameras valued over $10 each. This code is used by customs authorities to determine the applicable duties and regulations for importing and exporting these cameras.
Instant print cameras have gained popularity in recent years due to their ability to produce physical prints immediately after capturing a photo. Unlike fixed focus cameras, which have a predetermined focus range, instant print cameras offer more flexibility and control over the focus. These cameras are valued over $10 each, indicating their higher quality and enhanced features.
The bound or most-favored-nation (MFN) duty rate assigned to HS code 90064090 is free. This means that no import duties need to be paid when bringing these cameras into a country, as long as the country follows the principle of non-discrimination in trade. This principle states that whenever 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.
Additionally, there are several special tariff preference programs available for instant print cameras under HS code 90064090. These programs provide duty-free treatment or reduced duty rates for specific countries. The countries included in these programs are:
These special tariff preference programs aim to promote trade, economic growth, and cooperation between countries. By providing preferential treatment to certain trading partners, these programs incentivize international commerce and foster stronger relationships.
Importing instant print cameras under HS code 90064090 into the United States does not incur any duty charges, thanks to the free bound or MFN duty rate. This encourages the importation of these cameras, making them more accessible to consumers and businesses in the country.
Exporters from the United States can take advantage of the special tariff preference programs mentioned above when shipping instant print cameras to various countries. By utilizing these programs, exporters can benefit from duty-free treatment or reduced duty rates, making their products more competitive in international markets.
HS code 90064090 represents instant print cameras valued over $10 each. The code indicates the product's specific characteristics and value, while the bound or MFN duty rate is free, making imports easier and more cost-effective. Various special tariff preference programs further enhance the trade opportunities for these cameras, benefiting both importers and exporters. Understanding the HS code and associated regulations is crucial for smooth international trade operations and successful market penetration.