The HS Code 99021095 refers to the product description "Module and bracket ASY-power steering" which falls under the subheading 8537.10.90. This code is used to classify and identify specific products for international trade purposes. It provides a standardized system for customs authorities to determine the appropriate duties and regulations applicable to imported and exported goods.
The product, "Module and bracket ASY-power steering," is a crucial component in the power steering system of vehicles. It is responsible for assisting the driver in steering the vehicle by multiplying the force applied to the steering wheel. The module and bracket assembly ensures the proper functioning of the power steering system, providing a smooth and effortless steering experience.
When it comes to trade, the HS Code plays a significant role in determining the applicable duties and regulations for a specific product. In the case of HS Code 99021095, the bound/Most-Favored-Nation (MFN) duty rate is free. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same favorable treatment to the importation of "Module and bracket ASY-power steering" from all its trading partners. This promotes fairness and equal opportunities in international trade.
While the quantity unit for this particular HS Code is not available (NA), it is important to note that the code provides a standardized system for customs authorities to identify and track the quantity of imported and exported goods. This information is crucial for statistical analysis and trade monitoring.
Additionally, "Module and bracket ASY-power steering" may also be eligible for special tariff preference programs. These programs aim to promote trade and economic development by providing preferential treatment to certain products from specific countries. Importing US states and exporting US states may have different regulations, tariffs, and preferences for this particular product.
the HS Code 99021095 is used to classify and identify the product "Module and bracket ASY-power steering." It helps customs authorities determine the applicable duties and regulations for this product in international trade. Understanding the HS Code system is crucial for importers, exporters, and customs officials to ensure compliance and facilitate smooth trade operations.