The HS Code 95064000 refers to articles and equipment specifically designed for table tennis, as well as the parts and accessories related to this popular sport. This code is used to classify and categorize these products for international trade and customs purposes.
Table tennis, also known as ping pong, is a widely enjoyed sport that requires specific equipment to play. The HS Code 95064000 encompasses various items that are essential for table tennis enthusiasts, including tables, rackets, balls, nets, and other accessories.
When importing or exporting table tennis products, it is crucial to be aware of the HS Code 95064000 to ensure proper classification and compliance with customs regulations. Understanding this code helps to facilitate the smooth flow of goods across international borders, as well as accurate documentation and appropriate taxation.
The bound / MFN (Most Favored Nation) duty rate for HS Code 95064000 is 5.1%. This rate applies every time a country lowers a trade barrier or opens up a market. It means that the same duty rate of 5.1% should be applied to table tennis articles and equipment from all trading partners.
The MFN principle ensures that countries do not discriminate between their trading partners when it comes to tariffs and trade barriers. By applying the same duty rate to all countries, it promotes fair and equal treatment in international trade.
The quantity unit for HS Code 95064000 is marked as "no units collected" (X). This indicates that the specific HS Code does not have a standard unit of measure associated with it. In the case of table tennis equipment, the quantity may vary depending on the specific item or set being imported or exported.
When dealing with HS Code 95064000, it is important to consider the value, weight, or any other relevant measure to determine the quantity for customs purposes.
Several special tariff preference programs apply to HS Code 95064000, offering benefits and exemptions to certain countries. The following countries enjoy preferential treatment when importing table tennis articles and equipment:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods. For table tennis products falling under HS Code 95064000, importers from the listed countries can benefit from duty-free treatment or special rates.
Table tennis equipment classified under HS Code 95064000 is imported and exported between different US states. While the HS Code itself is used for international trade, it also applies to domestic transactions within the United States.
Importing US states and exporting US states refer to the specific states within the country that engage in the trade of table tennis articles and equipment. The import and export of these products contribute to the growth and development of the table tennis industry within the United States.
It is important for businesses involved in the table tennis industry to be aware of the regulations and requirements when importing or exporting these products between different US states.
HS Code 95064000 plays a vital role in classifying and categorizing articles and equipment for table tennis, as well as their parts and accessories. Understanding this code helps facilitate international trade, ensures proper documentation and taxation, and allows importers and exporters to take advantage of special tariff preference programs. Whether you are a table tennis enthusiast or a business involved in the industry, being familiar with HS Code 95064000 is essential for smooth and compliant trade operations.