HS Code 96122000: A Comprehensive Guide to Ink Pads
Ink pads are essential tools used for various purposes, such as stamping, printing, and crafting. They come in different sizes, shapes, and colors, making them versatile and convenient for a wide range of applications. If you are curious about the specifics of ink pads, their classification, and import/export regulations, this article will provide you with all the necessary information.
HS Code 96122000: Product Description
The HS Code 96122000 refers to ink pads, whether or not they are inked and with or without boxes. This code is used internationally to classify and standardize the import and export of goods. It ensures uniformity in trade regulations and facilitates efficient customs clearance procedures.
Bound / MFN Duty Rate
The bound or Most Favored Nation (MFN) duty rate for HS Code 96122000 is 3.5%. This means that every country must apply the same duty rate when importing or exporting ink pads. The MFN principle ensures that trade barriers are lowered equally for all trading partners, promoting fair and non-discriminatory trade practices.
Quantity Unit
The quantity unit for HS Code 96122000 is "no units collected (X)." This indicates that ink pads are not measured or reported based on a specific unit of quantity. Instead, they are considered as a single item or a collective group when it comes to trade statistics.
Special Tariff Preference Programs
HS Code 96122000 is eligible for various special tariff preference programs, which provide specific benefits and exemptions for certain countries. Here are some notable programs and their corresponding privileges:
1.
Free Trade Agreements (A+, AU, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, PE, SG) - Ink pads imported from countries that have signed free trade agreements with the United States are eligible for duty-free treatment. These agreements aim to promote economic cooperation and enhance trade relations between the participating countries.
2.
Australia Special Rate - Ink pads imported from Australia enjoy a special rate, which provides reduced or exempted duties. This encourages bilateral trade and strengthens economic ties between the United States and Australia.
3.
Bahrain Special Rate - Bahrain benefits from a special rate for ink pad imports, allowing for preferential treatment in terms of duty charges. This arrangement fosters trade relations between the two countries.
4.
NAFTA for Canada and Mexico - Ink pads imported from Canada and Mexico under the North American Free Trade Agreement (NAFTA) are eligible for duty-free treatment. This agreement promotes free trade among the participating North American countries.
5.
Chile Special Rate - Chile enjoys a special rate for ink pad imports, facilitating trade and economic cooperation between the United States and Chile.
6.
Africa Growth and Opportunity Act (AGOA) - Ink pads imported from eligible countries in Africa under AGOA receive duty-free treatment. This program aims to promote economic development and diversification in African nations.
7.
Caribbean Basin Initiative (CBI) - Ink pads imported from CBI beneficiary countries enjoy duty-free treatment. The CBI promotes economic cooperation and growth within the Caribbean region.
8.
Israel Special Rate - Ink pads imported from Israel benefit from a special rate, allowing for reduced or exempted duties. This program strengthens trade relations between the United States and Israel.
9.
Andean Trade Preference Act (ATPA) - Ink pads imported from ATPA beneficiary countries receive duty-free treatment. The ATPA promotes trade and economic development in the Andean region.
10.
Jordan Special Rate - Jordan enjoys a special rate for ink pad imports, fostering trade relations and economic cooperation between the two countries.
11.
Morocco Special Rate - Morocco benefits from a special rate for ink pad imports, allowing for preferential treatment in terms of duty charges. This arrangement promotes trade and economic ties between the United States and Morocco.
12.
Oman Special Rate - Ink pads imported from Oman enjoy a special rate, providing reduced or exempted duties. This program strengthens trade relations between the United States and Oman.
13.
Dominican Republic-Central American Special Rate (DR-CAFTA) - Ink pads imported from DR-CAFTA beneficiary countries receive duty-free treatment. This agreement promotes trade and economic development among the participating countries.
14.
Peru Special Rate - Peru benefits from a special rate for ink pad imports, fostering trade relations and economic cooperation between the two countries.
15.
Singapore Special Rate - Ink pads imported from Singapore enjoy a special rate, allowing for reduced or exempted duties. This program strengthens trade relations between the United States and Singapore.
Importing and Exporting US States
HS Code 96122000 applies to ink pads imported and exported by various US states. The specific states engaged in ink pad trade may vary depending on market demand and supply. Some of the prominent US states involved in ink pad imports and exports include California, New York, Texas, Illinois, Florida, and Ohio.
HS Code 96122000 encompasses ink pads, their characteristics, and the corresponding regulations for their import and export. Understanding this code enables businesses and individuals involved in ink pad trade to navigate customs procedures, take advantage of special tariff programs, and promote international trade cooperation.
More on HS code 96122000
