When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code is an internationally recognized system used by customs authorities to classify products. In this article, we will delve into the details of HS Code 05119933, which pertains to horsehair and horsehair waste.
The HS Code 05119933 covers horsehair and horsehair waste, whether or not put up as a layer with or without supporting material. This code specifically pertains to the trade of horsehair and its waste products.
The bound or Most Favored Nation (MFN) duty rate for HS Code 05119933 is free. This means that no duty or tariff is imposed when importing or exporting these products. It is important to note that whenever a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This principle of non-discrimination ensures fair and equal treatment in international trade.
The quantity unit for HS Code 05119933 is kilograms (KG). This means that the weight of the horsehair and horsehair waste is measured in kilograms for trade purposes.
There are several special tariff preference programs that offer duty-free treatment for the import or export of HS Code 05119933. The countries eligible for these programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing preferential treatment for certain goods, including horsehair and horsehair waste under HS Code 05119933.
HS Code 05119933 is relevant for trade between various importing and exporting US states. Some of the states involved in the import and export of horsehair and horsehair waste include South Dakota and Utah.
It is important for traders, importers, and exporters to be familiar with the HS Code 05119933 and its specific details when engaging in international trade involving horsehair and horsehair waste. Understanding the correct classification and applicable tariff preference programs can help facilitate smooth trade transactions and ensure compliance with customs regulations.