The HS Code 90072020 refers to cinematographic projectors for films that are less than 16 mm in size. These projectors are equipped with sound recording and reproducing systems, and they can be used for projecting both sound motion pictures and those that only have sound.
When it comes to trade, countries often impose tariffs and trade barriers to protect their domestic industries. However, through various international agreements and preference programs, these barriers can be reduced or eliminated. The MFN (Most Favored Nation) duty rate for HS Code 90072020 is free, which means 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.
The quantity unit for this HS Code is the number (NO), indicating the number of cinematographic projectors being imported or exported.
There are also special tariff preference programs that apply to HS Code 90072020. These programs allow certain countries to import or export these projectors at a preferential rate. The following countries enjoy free trade under these programs: Australia (A), Austria (AU), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Pakistan (PE), Singapore (SG).
Each of these countries has its own specific preferences and rates. For example, the Generalized System of Preferences (GSP) provides duty-free treatment for these products, while Australia, Bahrain, Canada, Chile, and Israel have their own special rates. The North American Free Trade Agreement (NAFTA) applies to Canada and Mexico, providing duty-free treatment. The Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), Jordan Special Rate, and Dominican Republic-Central American Special Rate (DR-CAFTA) are also applicable to certain countries.
In the United States, HS Code 90072020 can be imported and exported between different states. The specific states involved in the importing and exporting process may vary depending on the business transactions.
HS Code 90072020 covers cinematographic projectors for films under 16 mm in size, with sound recording and reproducing systems. These projectors can be used for both sound motion pictures and sound-only projection. Through various international agreements and preference programs, countries have the opportunity to import and export these projectors at preferential rates, and the MFN duty rate for this HS Code is free.