The HS Code 92029060 refers to string musical instruments that are not guitars or instruments played with a bow, and do not have electric sound or amplification. This code is used for classifying and identifying these specific types of musical instruments for international trade purposes.
When importing or exporting string musical instruments under HS Code 92029060, it is important to understand the associated tariffs, duty rates, and special tariff preference programs that may apply. Let's take a closer look at the details:
The bound or Most Favored Nation (MFN) duty rate for HS Code 92029060 is 4.6%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. Importers and exporters should consider this duty rate when calculating the cost of importing or exporting these musical instruments.
The quantity unit for HS Code 92029060 is number (NO), indicating that the quantity of the musical instruments is measured in numbers or units.
There are several special tariff preference programs applicable to string musical instruments under HS Code 92029060. These programs provide specific tariff rates or duty-free treatment for qualifying countries. The following countries are part of the special tariff preference programs:
Importers and exporters from these countries can take advantage of the special tariff rates or duty-free treatment provided by these programs when trading string musical instruments under HS Code 92029060.
The HS Code 92029060 applies to string musical instruments being imported into or exported from the United States. This code helps customs authorities classify and track these specific types of instruments. Importers and exporters from all US states can utilize this HS code for their trade documentation and compliance.
HS Code 92029060 is used to classify and identify string musical instruments (other than guitars or instruments played with a bow) that do not have electric sound or amplification. Importers and exporters should be aware of the associated duty rates, special tariff preference programs, and quantity unit when trading these musical instruments internationally.