HS Code 95042040: Chalk for Billiards

Chalk is an essential accessory for billiards players, helping to enhance their game by providing better control and grip on the cue ball. In this article, we will explore the HS code 95042040, which specifically covers chalk for billiards, and provide detailed information about its classification, duty rates, and special tariff preference programs.

Product Description

Chalk for billiards is a specialized type of chalk used in cue sports such as pool and snooker. It is applied to the tip of the cue stick to reduce slippage and provide better friction between the cue tip and the ball. This allows players to achieve more accurate shots with improved control and spin.

HS Code 95042040

The HS code 95042040 is a specific code used to classify and identify chalk for billiards in international trade. This code helps customs authorities and traders determine the exact nature and purpose of the product for import and export purposes. It ensures uniformity and clarity in trade documentation across different countries.

Duty Rates

The bound or MFN (Most Favored Nation) duty rate for HS code 95042040 is free. This means that when 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. As a result, there are no additional tariffs or taxes imposed on the import or export of chalk for billiards.

Quantity Unit

The quantity unit for HS code 95042040 is "number" (NO), indicating that the product is measured and traded based on the number of units rather than weight or volume. This allows for easy calculation and tracking of the quantity of chalk being imported or exported.

Special Tariff Preference Programs

Chalk for billiards under HS code 95042040 is eligible for various special tariff preference programs, offering duty-free treatment or reduced tariffs for specific countries. Some of the relevant programs include:

Generalized System of Preferences (GSP): Provides duty-free treatment for eligible developing countries.
Australia Special Rate: Offers special tariff rates for imports from Australia.
Bahrain Special Rate: Provides preferential tariff rates for imports from Bahrain.
NAFTA for Canada: Duty-free treatment under the North American Free Trade Agreement for imports from Canada.
Chile Special Rate: Offers special tariff rates for imports from Chile.
Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible countries in the Caribbean Basin region.
Israel Special Rate: Duty-free treatment for imports from Israel.
Andean Trade Preference Act (ATPA): Offers preferential tariff rates for imports from eligible Andean countries.
Jordan Special Rate: Provides special tariff rates for imports from Jordan.
Morocco Special Rate: Offers preferential tariff rates for imports from Morocco.
NAFTA for Mexico: Duty-free treatment under the North American Free Trade Agreement for imports from Mexico.
Oman Special Rate: Provides preferential tariff rates for imports from Oman.
Dominican Republic-Central American Special Rate (DR-CAFTA): Offers special tariff rates for imports from eligible countries in the Dominican Republic-Central America Free Trade Agreement.
Peru Special Rate: Provides preferential tariff rates for imports from Peru.
Singapore Special Rate: Offers special tariff rates for imports from Singapore.

Importing and Exporting US States

In the United States, chalk for billiards classified under HS code 95042040 is imported by the states of Arkansas, Oklahoma, and Nevada. These states have a demand for high-quality billiards accessories, including chalk, to cater to the needs of billiards enthusiasts and professionals. On the other hand, the state of Nevada is the primary exporter of chalk for billiards to other US states. This indicates the presence of manufacturing facilities or distribution centers in Nevada that cater to the domestic market's demand for billiards chalk. HS code 95042040 covers chalk for billiards, a crucial accessory for cue sports. Understanding the classification, duty rates, and special tariff preference programs associated with this code is essential for importers, exporters, and traders in the billiards industry. With this knowledge, they can navigate international trade regulations and leverage special tariff programs to optimize their business operations.

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