HS Code 96031035 refers to a specific product category known as wiskbrooms. These wiskbrooms are either made wholly or partially of broom corn and have a value of over $0.96 each. In this article, we will delve into the details of this HS code and explore its implications for international trade.
Wiskbrooms are popular cleaning tools that are commonly used in households, offices, and various other settings. They are designed to efficiently sweep away dust, dirt, and debris from different surfaces. The use of broom corn in their production gives them durability and effectiveness in performing their intended function.
When it comes to international trade, HS codes play a vital role in classifying and identifying goods. HS stands for Harmonized System, which is an internationally recognized system for classifying products. The HS code 96031035 specifically categorizes wiskbrooms that are made wholly or partially of broom corn and have a value exceeding $0.96 each.
One important aspect to consider is the bound/MFN (Most Favored Nation) duty rate associated with this HS code. The bound/MFN duty rate for HS code 96031035 is 14%. The MFN principle states 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. This ensures equal treatment and fair competition in international trade.
Now, let's explore the special tariff preference programs applicable to wiskbrooms falling under HS code 96031035:
It is worth noting that these special tariff preference programs aim to promote trade, economic growth, and development among participating countries.
When it comes to the quantity unit for wiskbrooms falling under HS code 96031035, it is measured in numbers (NO).
In terms of importing and exporting, the United States is a major player in the wiskbroom trade. The exporting US states may vary depending on the production and distribution centers. Some of the notable importing US states for wiskbrooms include California, Texas, New York, and Florida.
Overall, HS code 96031035 plays a crucial role in classifying and identifying wiskbrooms made wholly or partially of broom corn. It helps facilitate international trade by providing a standardized system for categorizing and regulating the import and export of these products. The associated duty rates and special tariff preference programs further influence the dynamics of trade and economic relationships between countries.