Fishing is not only a popular recreational activity but also an important industry that contributes to the global economy. To ensure the smooth operation of fishing reels, various parts and accessories are required. The HS Code 95073080 specifically covers these parts and accessories for fishing reels.
The product description of HS Code 95073080 refers to the parts and accessories used in fishing reels. These components play a vital role in enhancing the performance and functionality of the reels. They can include handles, knobs, gears, spools, drag systems, and other essential parts that make up a fully functional fishing reel.
The bound / MFN (Most Favored Nation) duty rate for HS Code 95073080 is 5.4%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate for the same goods or services from all its trading partners. This duty rate is applicable for importers of fishing reel parts and accessories.
The quantity unit for HS Code 95073080 is "no units collected (X)." This indicates that the specific quantity of parts and accessories for fishing reels is not collected or measured in a standardized unit. Instead, it may vary based on the specific needs and requirements of the importer.
HS Code 95073080 is eligible for various special tariff preference programs, providing certain countries with preferential treatment. These programs allow for reduced or duty-free rates for importers. The following countries are included in the special tariff preference programs for this HS Code:
Importing countries can take advantage of these special rates when importing parts and accessories for fishing reels from the mentioned countries.
HS Code 95073080 applies to both import and export activities involving fishing reel parts and accessories. Importing US states can benefit from the special tariff preference programs and the bound / MFN duty rate mentioned earlier. Exporting US states, on the other hand, can tap into the global demand for fishing reel parts and accessories, contributing to the overall trade balance of the country.
HS Code 95073080 covers the parts and accessories essential for the smooth functioning of fishing reels. Importers can take advantage of special tariff preference programs and the bound / MFN duty rate when importing these components. This code plays a crucial role in regulating trade and ensuring the quality and availability of fishing reel parts and accessories worldwide.