HS Code 99022348 refers to electromechanical can openers with a self-contained electric motor, specifically designed to be mounted below kitchen cabinets. These can openers fall under the category 8509.80.50 in the Harmonized System (HS) of product classification. This code is used by customs authorities and international trade organizations to classify and track the import and export of goods.
Electromechanical can openers have become increasingly popular in modern kitchens due to their convenience and efficiency. They are designed to automate the process of opening cans, eliminating the need for manual effort. These can openers are equipped with a self-contained electric motor that powers the opening mechanism, making the task of opening cans quick and effortless.
One of the notable features of these can openers is their ability to be mounted below kitchen cabinets. This design allows for space-saving and easy access to the can opener when needed. By mounting the can opener under the cabinets, it frees up valuable countertop space and keeps the kitchen area organized.
When it comes to international trade, the HS Code 99022348 plays a crucial role in ensuring accurate classification and tracking of these electromechanical can openers. Customs authorities use this code to determine the appropriate import duties, restrictions, and regulations that apply to these products.
The bound or most-favored-nation (MFN) duty rate for HS Code 99022348 is free. This means that no import duties are imposed on these can openers when they are imported into a country. The free duty rate is applicable whenever a country lowers a trade barrier or opens up a market, and it must do so for the same goods or services from all its trading partners.
Although the quantity unit for HS Code 99022348 is not available (NA), it is important to note that these can openers are widely used in households, restaurants, and other food-related establishments. Their popularity is driven by the convenience they offer in opening cans of various sizes, from small food cans to larger industrial-sized cans.
In terms of special tariff preference programs, it is worth mentioning that some countries may have specific trade agreements or preferential treatment for certain products. These programs aim to promote trade and provide advantages such as reduced tariffs or duty-free access to certain markets. Therefore, it is always recommended for importers and exporters to stay informed about any special tariff programs that may apply to HS Code 99022348.
HS Code 99022348 refers to electromechanical can openers with a self-contained electric motor, designed to be mounted below kitchen cabinets. These can openers offer convenience, efficiency, and space-saving features. The free duty rate and their widespread use make them attractive for importers and exporters. It is important to stay informed about any special tariff programs that may apply to these can openers in order to maximize trade opportunities.