When it comes to international trade, the Harmonized System (HS) Code is a crucial classification tool. It helps to identify and categorize different products for customs and statistical purposes. In this article, we will delve into the HS Code 98179501, which pertains to utilitarian articles used in the home for specific religious or cultural ritual celebrations.
Product Description: Utilitarian articles covered under HS Code 98179501 are those specifically designed for use in the performance of religious or cultural ritual celebrations. These items hold significant importance in various religious or cultural practices and are commonly found in households.
Bound / MFN Duty Rate: The Bound or Most Favored Nation (MFN) duty rate for HS Code 98179501 is free. This means that countries must allow duty-free importation of these utilitarian articles when traded between nations. It is a trade agreement principle stating that if a country lowers a trade barrier or opens up a market, it must do the same for all its trading partners.
Quantity Unit: The quantity unit for HS Code 98179501 is not available (NA). This indicates that there is no specific measurement unit associated with the import or export of these utilitarian articles. The quantity may vary based on the specific item and its purpose.
Special Tariff Preference Programs: Several countries have special tariff preference programs that provide additional benefits or exemptions for importing utilitarian articles covered by HS Code 98179501. These programs include:
Additionally, some countries have special rates applicable in the absence of this subheading on the cost of such parts. These countries include:
Importing US States: Utilitarian articles falling under HS Code 98179501 can be imported into various states in the United States. The specific states may vary depending on the customs regulations and requirements of each state.
Exporting US States: Utilitarian articles covered by HS Code 98179501 can be exported from various states in the United States. Similar to importing, the specific states involved in exporting may vary based on customs regulations and requirements.
the HS Code 98179501 plays a vital role in identifying and classifying utilitarian articles used in religious or cultural ritual celebrations. Understanding the HS Code and its associated details, such as bound duty rates and special tariff preference programs, is essential for international trade. Importers and exporters of these utilitarian articles should familiarize themselves with the specific regulations and requirements of the countries involved to ensure smooth and compliant trade operations.