HS Code 95030000: Toys, including riding toys o/than bicycles, puzzles, reduced scale models
Toys have always been an integral part of childhood, providing entertainment, education, and creative stimulation for children of all ages. The HS Code 95030000 refers to a specific category of toys, including riding toys other than bicycles, puzzles, and reduced scale models. In this article, we will explore the details of this HS code, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
Product Description:
Toys falling under HS Code 95030000 encompass a wide range of playthings. This category includes riding toys, such as tricycles, scooters, and electric ride-on vehicles, which provide children with a fun and active way to explore their surroundings. It also includes puzzles, which promote problem-solving skills and cognitive development. Additionally, reduced scale models, including miniature cars, airplanes, and trains, allow children to engage in imaginative play and learn about different vehicles and their functions.
Bound / MFN Duty Rate:
The bound or Most Favored Nation (MFN) duty rate for HS Code 95030000 is free. 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 free duty rate encourages international trade and ensures fair competition among countries.
Quantity Unit:
The quantity unit for HS Code 95030000 is not available (NA). This implies that the specific measurement or unit used to quantify the toys falling under this HS code may vary depending on the product, such as pieces, weight, or volume.
Special Tariff Preference Programs:
Several special tariff preference programs are available for products falling under HS Code 95030000. These programs provide certain countries with preferential treatment, including duty-free access to the respective markets. The countries eligible for special tariff preference programs for HS Code 95030000 are:
- Generalized System of Preferences (GSP): This program grants duty-free treatment to eligible countries exporting toys falling under HS Code 95030000.
- Australia Special Rate: Australia enjoys a special rate for importing toys falling under this HS code.
- Bahrain Special Rate: Bahrain benefits from a special rate for importing toys under HS Code 95030000.
- NAFTA for Canada: Canada, as part of the North American Free Trade Agreement (NAFTA), receives duty-free treatment for importing toys falling under this HS code.
- Chile Special Rate: Chile enjoys a special rate for importing toys falling under HS Code 95030000.
- Caribbean Basin Initiative (CBI): Countries participating in the CBI, such as certain Caribbean nations, receive duty-free treatment for importing toys under this HS code.
- Israel Special Rate: Israel receives duty-free treatment for importing toys falling under HS Code 95030000.
- Andean Trade Preference Act (ATPA): Countries eligible for ATPA, such as certain South American nations, benefit from duty-free treatment for importing toys under this HS code.
- Jordan Special Rate: Jordan enjoys a special rate for importing toys falling under this HS code.
- Morocco Special Rate: Morocco receives a special rate for importing toys under HS Code 95030000.
- NAFTA for Mexico: Mexico, as part of NAFTA, enjoys duty-free treatment for importing toys falling under this HS code.
- Oman Special Rate: Oman benefits from a special rate for importing toys under HS Code 95030000.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Countries participating in DR-CAFTA receive duty-free treatment for importing toys under this HS code.
- Peru Special Rate: Peru enjoys a special rate for importing toys falling under HS Code 95030000.
- Singapore Special Rate: Singapore benefits from a special rate for importing toys under this HS code.
Importing US States:
Toys falling under HS Code 95030000 are imported by various US states. The states that import these toys include Arkansas, Oklahoma, Nevada, California, Connecticut, Georgia, Minnesota, Missouri, Nebraska, Rhode Island, Virginia, Washington, and Wisconsin. These states recognize the value of toys in children's development and provide access to a diverse range of toys falling under this HS code.
Exporting US States:
The specific data provided does not mention the exporting US states for toys falling under HS Code 95030000. However, it is important to note that the United States is a significant exporter of toys to various countries around the world. The export of toys contributes to the country's economy and promotes cultural exchange through play.
HS Code 95030000 encompasses a diverse range of toys, including riding toys, puzzles, and reduced scale models. The free duty rate, special tariff preference programs, and the involvement of different US states in importing these toys highlight the global importance of this HS code. Toys play a crucial role in children's development, offering entertainment, education, and imaginative play opportunities. By understanding and utilizing HS Code 95030000, countries can facilitate international trade and ensure the availability of quality toys for children worldwide.
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