When it comes to navigation and finding our way, compasses have been one of the most reliable tools throughout history. One such type of compass is the direction finding compass, which falls under HS Code 90141090.
Direction finding compasses, as described by the HS Code, are compasses that are not optical instruments, gyroscopic compasses, or electrical in nature. They are specifically designed to help individuals determine their direction accurately.
These compasses play a crucial role in various fields such as outdoor activities, military operations, maritime navigation, and even aviation. They provide a simple and effective method for determining the cardinal directions, allowing individuals to navigate through unfamiliar territories with ease.
When it comes to international trade, HS Code 90141090 carries a bound or most-favored-nation (MFN) duty rate of 2.9%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate for direction finding compasses from all its trading partners. This promotes fair trade practices and ensures a level playing field for all countries involved.
The quantity unit for direction finding compasses is measured in numbers (NO). This unit provides a standardized way to quantify the import and export of these compasses, making trade transactions more efficient and transparent.
Furthermore, there are special tariff preference programs in place for direction finding compasses under HS Code 90141090. These programs offer duty-free treatment for importing countries that qualify for the specific preferences. The countries that currently enjoy such preferences for direction finding compasses include:
These special tariff preference programs, such as the Generalized System of Preferences (GSP) and various bilateral agreements, aim to promote trade relations and provide economic benefits for both importing and exporting countries.
When it comes to importing direction finding compasses into the United States, one of the states that extensively engages in such trade is New Hampshire. New Hampshire has shown a consistent demand for these compasses, potentially due to its geographical location and outdoor recreational activities.
HS Code 90141090 encompasses direction finding compasses, which are essential tools for navigation in various industries. The code carries a bound duty rate of 2.9% to ensure fair trade practices. Additionally, special tariff preference programs offer duty-free treatment for importing countries, including Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore. New Hampshire is one of the prominent states in the United States that engages in the import of these compasses.