Antiques are treasures from the past that hold historical, cultural, and artistic significance. They are items that are valued for their age, rarity, craftsmanship, and aesthetic appeal. In order to classify and regulate the international trade of antiques, a Harmonized System (HS) code is assigned to them. HS Code 97060000 specifically refers to antiques of an age exceeding one hundred years.
When it comes to international trade, countries often impose duties or tariffs on imported goods. However, for products falling under HS Code 97060000, there is a special provision. Bound / MFN (Most Favored Nation) duty rate for this category is set to be free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for antiques of an age exceeding one hundred years from all its trading partners.
The quantity unit for HS Code 97060000 is listed as "no units collected (X)." This indicates that there is no specific unit of measurement applicable to antiques, as their value lies in their historical significance rather than their physical quantity.
Furthermore, there are special tariff preference programs in place for importing countries that provide additional benefits for antiques falling under this HS code. The following countries have specific tariff preferences for HS Code 97060000:
These countries have implemented specific trade agreements or arrangements to facilitate the import of antiques without imposing additional duties or tariffs.
In terms of importing and exporting within the United States, HS Code 97060000 applies to the following areas:
These locations are important hubs for the trade and commerce of antiques, both domestically and internationally.
Antiques carry immense value not only for collectors and enthusiasts but also for the preservation of cultural heritage. HS Code 97060000 plays a crucial role in classifying and regulating the international trade of these precious artifacts, ensuring fair and consistent treatment for all trading partners.