Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 96061080: Press-fasteners, snap-fasteners, and press-studs and parts thereof, valued over 20 cents/dozen pieces or parts

When it comes to international trade, it is crucial to have a standardized system to classify and categorize products for import and export purposes. The Harmonized System (HS) Code is a globally recognized system that assigns a unique code to each product. In this article, we will explore HS Code 96061080, which encompasses press-fasteners, snap-fasteners, and press-studs, along with their respective parts, valued over 20 cents per dozen pieces or parts.

HS Code 96061080 specifically refers to a wide range of fastening devices used in various industries. These fasteners are essential for securing and joining different materials together, providing convenience and efficiency in numerous applications.

The bound or Most Favored Nation (MFN) duty rate for products falling under HS Code 96061080 is 2.7%. The MFN duty rate is the standard import duty rate that applies to all trading partners of a country. It ensures that trade barriers are consistently lowered or eliminated when a country opens up its market.

The quantity unit for HS Code 96061080 is listed as "no units collected (X)." This implies that the specific product quantity is not collected or reported in the available data.

There are several special tariff preference programs that provide favorable treatment for products falling under HS Code 96061080. These programs aim to promote trade and economic cooperation between participating countries. Some of the notable programs include:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible products
• Australia Special Rate: Duty-free treatment for specific products under the Automotive Products Trade Act (APTA)
• Bahrain Special Rate: Duty-free treatment for eligible products
• NAFTA for Canada: Duty-free treatment under the North American Free Trade Agreement (NAFTA)
• Chile Special Rate: Duty-free treatment for eligible products
• Caribbean Basin Initiative (CBI): Provides special rates for participating countries
• Israel Special Rate: Duty-free treatment for eligible products
• Andean Trade Preference Act (ATPA): Special rates for participating countries
• Jordan Special Rate: Duty-free treatment for eligible products
• Morocco Special Rate: Duty-free treatment for eligible products
• NAFTA for Mexico: Duty-free treatment under NAFTA
• Oman Special Rate: Duty-free treatment for eligible products
• Dominican Republic-Central American Special Rate (DR-CAFTA): Special rates for participating countries
• Peru Special Rate: Duty-free treatment for eligible products
• Singapore Special Rate: Duty-free treatment for eligible products

When importing products falling under HS Code 96061080 into the United States, it is important to consider the specific regulations and requirements of each state. Similarly, when exporting these products from the United States, it is crucial to be aware of the regulations and requirements of the destination country.

HS Code 96061080 encompasses press-fasteners, snap-fasteners, press-studs, and their parts, valued over 20 cents per dozen pieces or parts. Understanding the HS code and its associated duty rates and tariff preference programs is essential for businesses engaged in international trade. By complying with the applicable regulations and taking advantage of preferential treatment, businesses can optimize their import and export operations related to these fastening devices.