The HS Code 95079020 refers to fishing line that is put up and packaged for retail sale. This code is used to classify and categorize this specific product for international trade purposes. It helps customs officials determine the appropriate duties and tariffs to be applied when this product is imported or exported.
When it comes to trade barriers and market openings, the MFN (Most Favored Nation) principle applies. This means that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. The bound / MFN duty rate for fishing line under HS Code 95079020 is 3.7%.
The quantity unit for this product is "no units collected (X)." This indicates that the specific quantity of fishing line is not collected or measured in a traditional unit. It could be sold or packaged based on length, weight, or other factors specific to the product.
There are various special tariff preference programs available for the importation of fishing line under HS Code 95079020. These programs provide certain countries with preferential treatment, such as duty-free access to the market. The countries eligible for these special rates include:
These special rates aim to promote trade and economic cooperation between the countries involved, allowing for more favorable conditions for the importation of fishing line.
When it comes to importing fishing line under HS Code 95079020, there are no specific restrictions or requirements based on the exporting or importing U.S. states. The code applies uniformly across all states, as it is a standardized classification for this particular product.
HS Code 95079020 is used to classify fishing line that is put up and packaged for retail sale. It helps determine the applicable duties, tariffs, and special tariff preference programs for this product. Understanding the HS code system is essential for international trade and ensures smooth and efficient customs procedures.