The HS Code 96020050 refers to vegetable, mineral, or gum materials that have been worked and articles made from these materials. This code is used to classify these specific types of products for international trade purposes.
When importing or exporting goods under this HS code, it is important to understand the associated duty rates and any special tariff preference programs that may apply. In the case of HS Code 96020050, the bound or Most Favored Nation (MFN) duty rate is 2.7%. This means that every time 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 quantity unit for HS Code 96020050 is "no units collected (X)." This indicates that the quantity of the product is not measured or collected in a specific unit for customs purposes.
There are also special tariff preference programs that offer duty-free treatment for products classified under HS Code 96020050. These programs include:
When importing goods under HS Code 96020050 into the United States, it is important to consider the specific requirements and regulations of each state. Similarly, when exporting goods from the United States under this HS code, it is essential to be aware of the importing states' regulations and restrictions.
HS Code 96020050 is a crucial classification for vegetable, mineral, or gum materials that have been worked and articles made from these materials. It provides a standardized code for international trade and helps facilitate the smooth flow of goods across borders. Understanding the duty rates and special tariff preference programs associated with this HS code is essential for businesses engaged in the import and export of these products.