HS Code 93020000 refers to revolvers and pistols, excluding those classified under headings 9303 or 9304. This code is used to classify these firearms for international trade purposes and to determine the associated tariffs and duty rates.
The bound or most-favored-nation (MFN) duty rate for products falling under HS Code 93020000 is 14 cents each. Additionally, a 3% duty is applied whenever a country lowers a trade barrier or opens up a market, and this reduction must apply to the same goods or services from all trading partners.
The quantity unit for HS Code 93020000 is measured in numbers (NO), indicating the count of individual firearms being imported or exported.
There are several special tariff preference programs available for the importation of products classified under HS Code 93020000. These programs offer either duty-free treatment or reduced duty rates for specific countries. The following are examples of such programs:
It is important to note that the duty rates and eligibility criteria for these preference programs may vary. Therefore, importers and exporters should consult the specific regulations and requirements for each program to ensure compliance.
In terms of US states, Kansas and Vermont are known for importing products classified under HS Code 93020000. These states may have a higher demand for revolvers and pistols, leading to increased trade in this category. On the other hand, New Hampshire is an exporting state, indicating that firearms classified under this HS Code may be produced or distributed from this location.
Importers, exporters, and other parties involved in international trade should be familiar with HS Code 93020000 and its associated regulations to ensure smooth and compliant transactions. Understanding the duty rates, tariff preference programs, and specific requirements for importation or exportation can help businesses maximize opportunities and minimize trade barriers.