Fish hooks, snelled, are a specific type of fishing equipment that is categorized under HS Code 95072040. These hooks are commonly used by anglers worldwide to catch fish efficiently. In this article, we will delve into the details of this HS Code, including its product description, duty rates, quantity units, and special tariff preference programs. Let's explore further.
HS Code 95072040 refers to fish hooks that are snelled. Snelled fish hooks are pre-tied with a leader or fishing line. This feature makes them convenient for anglers as they can quickly attach the hook to their fishing line without the need for additional tying. The pre-tied leader ensures that the hook is securely attached, enhancing the chances of a successful catch.
The bound or most-favored-nation (MFN) duty rate for HS Code 95072040 is 4%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It is important to note that when a country applies this duty rate, it must do so for the same goods or services from all its trading partners. This ensures equal treatment and fair trade practices among nations.
For HS Code 95072040, no units are collected (X) as a quantity unit. This implies that the quantity of fish hooks, snelled, imported or exported under this HS Code is not measured in specific units. The absence of a quantity unit suggests that the trade data for this product may be reported differently or not collected at all.
HS Code 95072040 is eligible for various special tariff preference programs. These programs offer trade benefits, such as reduced or duty-free treatment, to promote economic cooperation and development among participating countries. The following are some of the special tariff preference programs applicable to fish hooks, snelled:
HS Code 95072040 allows the import and export of fish hooks, snelled, between the United States and various countries. The specific importing and exporting US states may vary based on trade agreements, market demands, and other factors. It is essential for businesses and individuals involved in the fishing industry to be aware of the regulations and requirements associated with importing and exporting fish hooks, snelled, under this HS Code.
HS Code 95072040 represents fish hooks that are snelled. These hooks offer convenience to anglers and are widely used for fishing purposes. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS Code is crucial for individuals and businesses engaged in the import and export of fish hooks, snelled. By adhering to the regulations and taking advantage of special tariff programs, stakeholders can promote fair and profitable trade in the fishing industry.