Telescopic sights and periscopes are essential tools used in various industries, including military, hunting, and observation. Under the HS Code 90131040, these devices are classified as parts of machines, appliances, etc. of chapter 90 or section XVI. This article will provide a comprehensive overview of the HS Code 90131040, including its product description, tariff rates, special tariff preference programs, and the importing and exporting US states.
Telescopic sights for arms other than rifles and periscopes fall under the HS Code 90131040. Telescopic sights are optical devices mounted on firearms to enhance accuracy and target acquisition. They allow shooters to zoom in on distant targets and provide a clear sight picture. Periscopes, on the other hand, are used for observation and have applications in military vehicles, submarines, and other areas where direct visibility is limited.
The bound / MFN duty rate for HS Code 90131040 is 5.3%. The MFN (Most Favored Nation) principle ensures that every time 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. This duty rate is applicable to all countries unless specific tariff preferences or free trade agreements are in place.
HS Code 90131040 is eligible for various special tariff preference programs, providing certain countries with preferential treatment or duty-free access. Here are some of the special tariff preference programs applicable to this HS code:
While the HS Code 90131040 applies to imports and exports across the United States, it is important to note the specific states involved. Here are some of the importing and exporting US states for this HS code:
These states play a crucial role in the trade of telescopic sights for arms and periscopes, either as importers or exporters. Understanding the regional dynamics and preferences can help businesses and traders make informed decisions when dealing with HS Code 90131040 products.
HS Code 90131040 covers telescopic sights for arms other than rifles and periscopes. It is important to be aware of the product description, tariff rates, special tariff preference programs, and the specific importing and exporting US states when dealing with this HS code. By understanding these details, businesses can navigate international trade more effectively and take advantage of the available benefits and opportunities.