When it comes to international trade, it is important to have a standardized system for classifying goods. This is where the Harmonized System (HS) Code comes into play. The HS Code 90151080 refers to rangefinders, specifically those that are not electrical in nature. In this article, we will explore more about this HS Code, its product description, duty rates, special tariff preference programs, and the importing and exporting US states associated with it.
Rangefinders are devices used to determine the distance between the observer and a target. The HS Code 90151080 specifically covers rangefinders that do not operate on electricity. These could include optical rangefinders or those that use other non-electrical means to measure distance.
For the HS Code 90151080, the bound / Most Favored Nation (MFN) duty rate is 2.8%. The MFN duty rate is the rate that a country applies to imports from all its trading partners. It ensures that trade barriers are lowered equitably for all countries. In the case of this HS Code, any country importing rangefinders that fall under this classification will be subject to a duty rate of 2.8%.
Several special tariff preference programs exist for the HS Code 90151080. These programs provide certain countries with preferential treatment in terms of duty rates. Here are some of the special tariff preference programs applicable to this HS Code:
For the HS Code 90151080, the following US states are associated with imports:
The following US states are associated with exports for the HS Code 90151080:
Understanding the HS Code 90151080 is essential for importers, exporters, and customs authorities alike. It ensures proper classification, facilitates trade negotiations, and provides valuable information about duties and tariff preference programs. Whether you are involved in the trade of rangefinders or simply curious about international trade, the HS Code 90151080 plays a crucial role in the global economy.