The HS Code 95049040 refers to game machines, including parts and accessories, that are not coin- or token-operated. This code is used to classify and regulate the import and export of these products.
Game machines have become increasingly popular in recent years, with advancements in technology allowing for more immersive and interactive gaming experiences. These machines are not only found in arcades and entertainment centers, but also in homes and public spaces.
The product description for HS Code 95049040 is "Game machines (o/than coin- or token-operated) and parts and accessories thereof." This includes a wide range of gaming devices, such as video game consoles, handheld gaming devices, virtual reality systems, and arcade machines. It also includes any parts or accessories necessary for the operation or enhancement of these machines.
The bound or most-favored nation (MFN) duty rate for HS Code 95049040 is free. This means that no import duties or taxes are applied to these game machines and their parts and accessories. This is beneficial for international trade, as it reduces barriers and encourages the flow of goods between countries.
Trade barriers can include tariffs, quotas, and other restrictions on imports or exports. When a country lowers a trade barrier or opens up its market, it is required to do so for the same goods or services from all its trading partners. This principle of non-discrimination helps promote fair and equal trade.
HS Code 95049040 is eligible for various special tariff preference programs. These programs provide additional benefits or exemptions for certain countries or regions. The following are some of the special tariff preference programs applicable to this HS code:
HS Code 95049040 is imported by the following US states:
These states have a demand for game machines and their accessories, whether for commercial or personal use. The availability and popularity of these machines may vary between states, with some having a greater concentration of arcades or gaming establishments.
The exporting states for HS Code 95049040 from the United States are not specified in the provided data. However, it is worth noting that the United States is a major player in the gaming industry and exports game machines and related products to various countries around the world.
As technology continues to evolve, game machines are expected to become even more advanced and immersive. This will likely lead to increased international trade in this sector, as countries strive to meet the growing demand for gaming experiences.