HS Code 96092040: All About Pencil Leads
Pencil leads play a crucial role in the world of writing and drawing. They are essential components of mechanical pencils, providing a smooth and precise writing experience. The HS Code 96092040 specifically refers to pencil leads that are black or colored and have a maximum cross-sectional dimension of 1.5 mm. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting states in the United States.
Product Description: Pencil leads falling under the HS Code 96092040 are typically made from a combination of graphite and clay. The graphite provides the writing medium, while the clay helps in binding the lead together. These pencil leads are designed to fit mechanical pencils with a diameter of up to 1.5 mm. They come in various hardness levels, allowing users to choose the perfect lead for their specific needs.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for pencil leads under HS Code 96092040 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. Therefore, countries importing pencil leads with this HS code do not have to pay any duty charges.
Quantity Unit: The quantity unit for pencil leads under HS Code 96092040 is typically expressed in gross (GRS). Gross refers to a unit of measurement that equals 144 items. This unit is commonly used in the international trade of various products, including pencil leads.
Special Tariff Preference Programs: Pencil leads falling under HS Code 96092040 are eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates, offering potential cost savings for importers. The countries that offer duty-free treatment for pencil leads under this HS code include:
- Generalized System of Preferences (GSP)
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods.
Importing and Exporting US States: Pencil leads under HS Code 96092040 are imported and exported by various states in the United States. Some of the major importing states include California, New York, Texas, Illinois, and Florida. These states have a significant demand for pencil leads, given their large population and thriving educational and artistic communities.
On the other hand, pencil leads are also exported from the United States to countries worldwide. Major exporting states include California, Texas, New York, Georgia, and Illinois. The United States is known for its high-quality pencil leads, and its exports contribute to the global supply chain of writing and drawing instruments.
pencil leads falling under HS Code 96092040 are essential writing and drawing tools. They are widely used around the world and are subject to various trade regulations and tariff preference programs. Importers of pencil leads can benefit from duty-free treatment under certain special tariff preference programs, promoting international trade and economic cooperation.
More on HS code 96092040
