HS Code 95059040: Confetti, Paper Spirals, Streamers, Party Favors, and Noisemakers
Confetti, paper spirals or streamers, party favors, and noisemakers are all popular items used to enhance celebrations and add excitement to special occasions. These items fall under the HS Code 95059040, which is used to classify them for customs and trade purposes.
The product description for HS Code 95059040 includes a range of items commonly associated with parties and festivities. Confetti refers to small pieces of colored paper or other materials that are thrown or scattered during celebrations. Paper spirals and streamers are decorative items that can be hung or thrown to create an atmosphere of fun and joy. Party favors are small gifts or souvenirs given to guests at parties or events, while noisemakers are devices that produce sound or noise, often used to create a celebratory atmosphere.
When importing or exporting goods classified under HS Code 95059040, it is important to be aware of the relevant duty rates. The bound or MFN (Most Favored Nation) duty rate for this HS Code is free. This means that no duty or tariff is imposed on the import or export of these items. This is in line with the principle of free trade, where countries lower trade barriers and open up their markets to promote fair and equal trade among nations.
The quantity unit for HS Code 95059040 is stated as "no units collected (X)." This indicates that the quantity of goods imported or exported under this HS Code is not measured or collected in specific units. Instead, it is considered as a general category of goods, encompassing various types and quantities of confetti, paper spirals, streamers, party favors, and noisemakers.
In addition to the duty-free status, there are special tariff preference programs that apply to HS Code 95059040. These programs provide additional benefits or exemptions for certain countries. The following countries enjoy special tariff rates or duty-free treatment for imports or exports classified under HS Code 95059040: Australia, Bahrain, Canada (under NAFTA), Chile, countries under the Caribbean Basin Initiative (CBI), Israel, countries under the Andean Trade Preference Act (ATPA), Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central American Special Rate (DR-CAFTA), Peru, and Singapore.
These special tariff preference programs are designed to promote economic cooperation and development between the participating countries. They aim to reduce trade barriers and create opportunities for businesses to expand their markets and increase trade volumes. By granting preferential treatment, such as duty-free status or reduced tariffs, these programs encourage the exchange of goods and services among the participating countries.
In terms of importing and exporting HS Code 95059040 goods, it is important to consider the regulations and requirements of both the importing and exporting US states. Each state may have specific rules or restrictions related to the import or export of confetti, paper spirals, streamers, party favors, and noisemakers. It is advisable to consult the relevant authorities or customs agencies to ensure compliance with all necessary regulations and documentation.
HS Code 95059040 encompasses a variety of items that add excitement and joy to celebrations and special occasions. These include confetti, paper spirals or streamers, party favors, and noisemakers. The duty rate for this HS Code is free, reflecting the principles of free trade and equal treatment among trading partners. Special tariff preference programs further enhance trade opportunities by providing additional benefits or exemptions for certain countries. Importers and exporters should be aware of the regulations and requirements of both the importing and exporting US states to ensure smooth and compliant trade operations.
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