When it comes to international trade, it's crucial to have a standardized system to classify and categorize products. This is where Harmonized System (HS) codes come into play. HS codes are a globally recognized system used to classify products for customs purposes. Each product is assigned a unique HS code based on its characteristics and intended use.
One such HS code is 96132000, which is used to classify cigarette lighters and similar lighters. Specifically, it refers to gas-fueled, refillable lighters designed for pocket use. This HS code helps customs authorities and traders identify and track these specific types of lighters.
The HS code 96132000 is associated with various important details and information. Let's delve deeper into some of the key aspects related to this HS code:
The product description for HS code 96132000 is "Cigarette lighters and similar lighters, gas fueled, refillable, for the pocket." This description clearly outlines the characteristics and intended use of the products classified under this HS code.
The bound / MFN (Most Favored Nation) duty rate for HS code 96132000 is 9%. The MFN principle states 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. This means that the duty rate for this HS code remains consistent regardless of the country of origin or destination.
The quantity unit for HS code 96132000 is "number" (NO), indicating that the products are measured and traded in individual units rather than weight or volume.
Several special tariff preference programs apply to products classified under HS code 96132000. These programs provide certain countries with preferential treatment or duty-free access to the importing country's market. Here are some of the programs and the corresponding countries:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties for eligible products.
HS code 96132000 is relevant not only for international trade but also for domestic trade within the United States. Different states within the US may have varying regulations and requirements for importing and exporting products classified under this HS code. Traders and businesses involved in the distribution of these lighters should be aware of the specific regulations in each state to ensure compliance with local laws.
Overall, HS code 96132000 plays a crucial role in international trade by providing a standardized classification for cigarette lighters and similar lighters that are gas-fueled, refillable, and designed for pocket use. Understanding the details and implications of this HS code is essential for traders, customs authorities, and businesses involved in the import and export of these products.