The HS Code 99021063 refers to a specific product known as Shield asy-steering gear, which falls under the subheading 8708.94.75. This HS code is used to classify and identify this particular product for international trade and customs purposes.
When it comes to trade, it is essential to have a standardized system for categorizing goods. The Harmonized System (HS) code is an internationally recognized coding system used to classify products for customs and statistical purposes. It ensures that products are classified uniformly across different countries, facilitating trade and data analysis.
The Shield asy-steering gear is a component used in the automotive industry, specifically in the steering system of vehicles. It plays a crucial role in ensuring the smooth and efficient operation of the steering mechanism, allowing drivers to control the direction of the vehicle.
One important aspect to note about the HS Code 99021063 is that it is subject to a bound or Most Favored Nation (MFN) duty rate of free. This means that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. In the case of the Shield asy-steering gear, no duty is imposed when importing or exporting this product.
However, it is important to keep in mind that the quantity unit for this product is not available (NA). This means that the specific unit of measurement for the Shield asy-steering gear is not specified in the data provided. It could be measured in pieces, sets, or another unit depending on industry standards and requirements.
Additionally, there may be special tariff preference programs applicable to the import or export of the Shield asy-steering gear. These programs aim to promote trade and economic cooperation between countries by providing preferential treatment, such as reduced or waived duties, for certain products. Importing and exporting US states may have different programs and regulations in place for this specific product.
the HS Code 99021063 represents the Shield asy-steering gear, a component used in the automotive industry. It is classified under subheading 8708.94.75 and is subject to a duty rate of free. Although the quantity unit is not available, it is important to comply with any special tariff preference programs that may apply when importing or exporting this product. Understanding and correctly using HS codes is crucial for international trade and customs compliance.