The HS Code 95041000 refers to video games of a kind used with a television receiver and parts and accessories thereof. This code is used to classify and categorize these products for international trade purposes. Understanding this code is essential for importers, exporters, and government agencies to ensure proper classification and accurate documentation.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) duty rate for HS Code 95041000 is set to be free. 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. This promotes fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 95041000 is stated as "no units collected (X)." This indicates that there is no specific unit of measurement for the quantity of video games and their accessories under this code. The absence of a specified unit suggests that the quantity can vary based on individual shipments.
There are several special tariff preference programs associated with HS Code 95041000. These programs provide certain countries with preferential treatment in terms of duty rates. The countries that enjoy free trade under these programs for video games and accessories are:
When importing video games and accessories under HS Code 95041000, certain US states have been identified as importers. These states are:
On the other hand, Nevada is the only US state identified as an exporter of video games and accessories under this HS Code.
Understanding the HS Code 95041000 is crucial for international trade stakeholders to ensure compliance with import and export regulations. It helps in determining the appropriate duty rates, accessing preferential treatment programs, and facilitating smooth trade transactions. Importers, exporters, and government agencies should familiarize themselves with this code to streamline their operations and promote global trade.