In international trade, every product is classified under a specific code known as the Harmonized System (HS) code. The HS code 85198125 is assigned to cassette players that are non-recording and not elsewhere specified or included. This code helps in the smooth facilitation of trade by providing a standardized classification system globally.
When importing or exporting cassette players falling under the HS code 85198125, it is essential to understand the relevant information and regulations associated with it. Let's explore further details about this HS code:
The product description for HS code 85198125 is "Cassette players (non-recording), nesoi." This means that the code covers cassette players that are designed solely for playing audio cassettes and do not have recording capabilities. It includes cassette players that are not specifically classified under any other HS code.
The bound or most-favored-nation (MFN) duty rate for HS code 85198125 is free. This means that there are no import duties imposed on cassette players falling under this code when traded between countries. The MFN principle ensures 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.
The quantity unit for HS code 85198125 is "number" (NO). This indicates that the quantity of cassette players is measured in units.
There are several special tariff preference programs associated with HS code 85198125. These programs provide specific duty rates or duty-free treatment for importing cassette players into certain countries. The following programs apply to this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
HS code 85198125 applies to cassette players imported into and exported from the United States. It is essential to comply with the relevant customs regulations and requirements when engaging in trade involving cassette players falling under this HS code.
Overall, understanding the HS code 85198125 and its associated details is crucial for businesses and individuals involved in the import and export of cassette players. Compliance with regulations, taking advantage of special tariff preference programs, and staying informed about any updates or changes in the classification system can help ensure smooth international trade operations.