The HS Code 96140021 refers to roughly shaped blocks of wood or root that are used for the manufacture of smoking pipes. This code is used to classify and identify this specific product for import and export purposes. Understanding the HS code is important for traders, customs officials, and manufacturers as it helps in determining the applicable duties, tariffs, and regulations associated with the product.
When importing or exporting this product, it is necessary to be aware of the associated duty rates. In the case of HS Code 96140021, the bound/MFN (Most Favored Nation) duty rate is free. This means that there are no additional duties imposed on this product when it is imported or exported. The MFN principle requires a country to offer the same trade benefits to all its trading partners, ensuring fair and non-discriminatory treatment.
The quantity unit for this product is gross (GRS), which indicates the weight of the product including packaging materials.
In addition to the duty rate, it is important to be aware of any special tariff preference programs that may apply to the product. For HS Code 96140021, several countries have special tariff rates or programs in place:
These special rates or programs may offer reduced or duty-free treatment for the import or export of the product, depending on the trade agreements or preferences between the countries involved.
It is important to note that the HS Code is used globally for the classification of goods and is recognized by customs authorities worldwide. The code ensures uniformity and consistency in trade statistics, customs procedures, and international trade documentation. Traders and manufacturers should accurately classify their products using the appropriate HS code to comply with customs regulations and benefit from any applicable trade agreements or preferences.
HS Code 96140021 represents roughly shaped blocks of wood or root used for the manufacture of smoking pipes. Understanding the associated duty rates and any special tariff preference programs is crucial for importers, exporters, and customs officials. By correctly classifying products using the HS code, traders can ensure compliance with regulations and take advantage of any trade benefits available.