The HS Code 95065980 refers to rackets for games other than lawn-tennis or badminton, as well as the associated parts and accessories. This code is used to classify and track the import and export of these products internationally. In this article, we will explore the details of this HS code and its significance in global trade.
The product description covered under HS Code 95065980 includes rackets used for various games, excluding lawn-tennis and badminton. These rackets are designed for different sports such as squash, racquetball, table tennis, and other similar games. Additionally, the code encompasses the parts and accessories related to these rackets, such as strings, grips, and frames.
The bound / MFN duty rate for HS Code 95065980 is 4%. This means that whenever a country reduces a trade barrier or opens up its market, it must apply the same duty rate of 4% to all its trading partners for the specified goods or services. This rate ensures fairness and equal treatment in international trade.
The quantity unit for HS Code 95065980 is not available (NA). This indicates that the specific unit of measurement for this code may vary depending on the product's nature and specifications. It is essential for importers and exporters to determine the appropriate quantity unit based on their specific requirements.
Under HS Code 95065980, several special tariff preference programs exist, providing various countries with favorable trade terms. These programs include:
These special tariff preference programs aim to promote trade and strengthen economic relations between countries by minimizing or eliminating duty costs for eligible participants.
According to available data, the following US states import products classified under HS Code 95065980:
These states are actively involved in the importation of rackets for games and related parts and accessories. The reasons behind their high import volumes may vary, including factors such as local demand, distribution networks, and the presence of sports equipment manufacturers or retailers.
On the other hand, the following US states are known for exporting products classified under HS Code 95065980:
These states play a crucial role in supplying rackets for games and associated parts and accessories to international markets. Their export activities contribute to the global availability of these products and support the growth of the sports equipment industry.
the HS Code 95065980 represents rackets for games other than lawn-tennis or badminton, along with their parts and accessories. This code facilitates the classification, tracking, and regulation of international trade in these products. Understanding the details of this code, including the duty rate, special tariff preference programs, and involved US states, is vital for importers, exporters, and industry stakeholders.