Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 90160040: Jewelers' Balances and Accessories

Jewelers' balances are essential tools for professionals in the jewelry industry. They are used to accurately measure the weight of gemstones, precious metals, and other small items. The HS Code 90160040 specifically refers to nonelectrical jewelers' balances with a sensitivity of 5 cg (centigrams) or better. These balances may or may not come with weights and various parts and accessories.

When it comes to international trade, the HS Code plays a crucial role in classifying products for customs purposes. It ensures that goods are categorized correctly and allows for the implementation of specific trade policies and regulations. In the case of HS Code 90160040, it helps to identify and track jewelers' balances and their related components.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 90160040 is 2.9%. This means 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 applies to the importation of jewelers' balances and their parts and accessories.

Quantity Unit

According to the available data, no specific quantity unit has been collected for HS Code 90160040 (X). This indicates that the quantity of jewelers' balances imported or exported is not measured in a standard unit but rather on a case-by-case basis.

Special Tariff Preference Programs

Several special tariff preference programs apply to HS Code 90160040, offering reduced or duty-free treatment for certain countries. These programs include:

• Generalized System of Preferences (GSP) - Provides duty-free treatment for eligible countries.
• Australia Special Rate - Offers specific benefits for trade with Australia.
• Bahrain Special Rate - Grants preferential treatment for trade with Bahrain.
• NAFTA for Canada - Allows duty-free treatment under the North American Free Trade Agreement.
• Chile Special Rate - Provides special benefits for trade with Chile.
• Caribbean Basin Initiative (CBI) - Offers duty-free treatment for eligible Caribbean countries.
• Israel Special Rate - Grants duty-free treatment for trade with Israel.
• Andean Trade Preference Act (ATPA) - Provides preferential treatment for trade with eligible Andean countries.
• Jordan Special Rate - Offers specific benefits for trade with Jordan.
• Morocco Special Rate - Grants preferential treatment for trade with Morocco.
• NAFTA for Mexico - Allows duty-free treatment under the North American Free Trade Agreement.
• Oman Special Rate - Provides specific benefits for trade with Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Offers preferential treatment for trade with eligible countries in the Dominican Republic-Central America Free Trade Agreement.
• Peru Special Rate - Grants specific benefits for trade with Peru.
• Singapore Special Rate - Provides preferential treatment for trade with Singapore.

Importing US States

Based on the available data, the HS Code 90160040 is imported into the following US states:

• Nevada
• Massachusetts
• Pennsylvania
• Puerto Rico
• Wisconsin

Exporting US States

The HS Code 90160040 is exported from the following US states:

• Nebraska
• Kentucky
• Massachusetts
• Minnesota
• Puerto Rico
• Wisconsin
• South Carolina
• Washington

Understanding the HS Code and its associated data is crucial for importers, exporters, and policymakers. It enables accurate classification, facilitates international trade negotiations, and ensures compliance with customs regulations. In the case of HS Code 90160040, it helps to identify and monitor jewelers' balances and their parts and accessories, while also providing insights into tariff preferences and trade patterns.