The HS code 90319058 refers to parts and accessories of measuring and checking optical instruments and appliances, excluding test benches or profile projectors. This code is used to classify specific products within the broader category of optical instruments and appliances.
When it comes to international trade, the HS code plays a crucial role in determining the tariffs and duties applicable to the imported or exported goods. In the case of HS code 90319058, the bound or MFN (Most Favored Nation) duty rate is 3.5%. 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.
The quantity unit for HS code 90319058 is "no units collected (X)," indicating that the specific quantity of goods is not relevant for the classification and tariff determination.
There are also special tariff preference programs associated with HS code 90319058. These programs provide certain countries with preferential treatment in terms of duty rates. For this HS code, the following countries enjoy a duty-free treatment:
These preferential tariff rates are granted under various trade agreements and programs such as the Generalized System of Preferences (GSP), NAFTA, Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and Dominican Republic-Central American Special Rate (DR-CAFTA).
When it comes to importing goods classified under HS code 90319058 into the United States, the data shows that the Virgin Islands and Rhode Island are the main importing states. On the other hand, exporting states for this particular HS code are the Virgin Islands, Pennsylvania, Montana, Arizona, District of Columbia, and Connecticut.
HS code 90319058 represents parts and accessories of measuring and checking optical instruments and appliances. It is important for importers and exporters to be aware of the duty rates, special tariff preference programs, and the specific states involved in trade for this HS code. Understanding these details can help businesses make informed decisions and comply with the relevant trade regulations.