The HS Code 93059110 refers to parts and accessories for military rifles that fall under the category of heading 9301. This code is used to classify these specific products for international trade purposes. Understanding the HS code is essential for importers, exporters, and policymakers as it provides a standardized system for categorizing goods.
When it comes to trade, tariffs play a significant role in determining the cost and availability of goods. The bound/MFN (Most Favored Nation) duty rate for HS Code 93059110 is free. This means that there are no tariffs imposed on these parts and accessories when traded between countries. The concept of MFN ensures that any trade barrier lowered or market opened by a country must apply to all its trading partners.
It is important to note that the quantity unit for HS Code 93059110 is "no units collected (X)." This implies that the data regarding the quantity of these parts and accessories is not available or collected at the moment.
Furthermore, special tariff preference programs are in place for HS Code 93059110. These programs provide additional benefits and exemptions when importing or exporting these goods. The countries eligible for these preferences include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and several others. These preferential rates are part of trade agreements such as the Generalized System of Preferences (GSP), NAFTA, Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and more.
Now let's take a look at the specific importing and exporting US states for HS Code 93059110:
Understanding the HS Code 93059110 and its associated data is crucial for businesses and policymakers involved in the international trade of parts and accessories for military rifles. The code, along with the information on duty rates and tariff preference programs, helps ensure transparency and consistency in global trade.