When it comes to writing, drawing, or sketching, a good pencil is essential. However, a dull pencil can hinder creativity and productivity. This is where pencil sharpeners come into play. A pencil sharpener is a simple yet effective tool used to sharpen pencils to a fine point, allowing for smooth and precise writing or drawing.
The HS Code 84729040 specifically categorizes pencil sharpeners. This code is part of the Harmonized System (HS) developed by the World Customs Organization (WCO) to facilitate international trade by providing a standardized classification system for products. The HS code ensures that the same goods or services are treated consistently across all trading partners.
For importers, the bound or most favored nation (MFN) duty rate for pencil sharpeners is 2.6%. This rate applies to all countries that lower trade barriers or open up their markets. It ensures fair and equal treatment for pencil sharpeners regardless of their country of origin.
When it comes to quantity units, pencil sharpeners are measured in numbers (NO). This means that the quantity of pencil sharpeners being imported or exported is counted individually.
One advantage for importers is the availability of special tariff preference programs. Pencil sharpeners can be imported duty-free under various programs. These programs include the Generalized System of Preferences (GSP), which grants duty-free treatment to eligible developing countries.
Other special tariff preference programs include Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate.
Now, let's take a look at the specific US states involved in importing and exporting pencil sharpeners. The importing states include California, Colorado, Florida, Georgia, Massachusetts, Oklahoma, Texas, and Nevada. These states have a demand for pencil sharpeners, either for educational purposes or artistic endeavors.
On the other hand, the exporting states include California, Massachusetts, New Mexico, Oklahoma, Texas, Idaho, and New Jersey. These states produce and supply pencil sharpeners to meet the demand of other states or even international markets.
pencil sharpeners (HS Code 84729040) play a crucial role in ensuring that pencils are always sharp and ready for use. With a bound duty rate of 2.6% and various special tariff preference programs, importers can enjoy favorable conditions when trading pencil sharpeners. The availability of these sharpeners in multiple US states highlights their importance and widespread use in educational and creative settings.