The HS Code 90019040 refers to lenses that are not mounted or fixed to any particular device or frame. These lenses are commonly used in various optical instruments, including cameras, microscopes, telescopes, and eyeglasses.
When it comes to international trade, the HS code is used to classify products for customs and tariff purposes. It helps in identifying the specific type of goods being traded and determining the applicable duties and regulations. In the case of HS Code 90019040, a 2% bound or MFN (Most Favored Nation) duty rate is applicable.
The MFN duty rate means that every time 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 promotes fair and equal treatment among countries in the global trading system.
The quantity unit for HS Code 90019040 is the number (NO), indicating that the lenses are measured and traded based on the quantity of individual units.
There are also special tariff preference programs available for imports under HS Code 90019040. These programs provide preferential treatment, including duty-free access, for specific countries. The following countries are eligible for special tariff preferences for lenses nesi, unmounted:
These special tariff preference programs are part of various trade agreements and initiatives, such as the Generalized System of Preferences (GSP), Agreement on Trade in Civil Aircraft, NAFTA, Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and Dominican Republic-Central American Special Rate (DR-CAFTA). These programs aim to promote economic development, regional integration, and trade cooperation among participating countries.
When it comes to importing HS Code 90019040 lenses into the United States, the data shows that Rhode Island and Georgia are the primary states involved. On the other hand, the data for exporting HS Code 90019040 lenses from the United States indicates that New Hampshire, Vermont, and Minnesota are the main states engaged in this trade.
HS Code 90019040 represents unmounted lenses used in various optical instruments. The code helps in classifying and regulating the trade of these lenses, with a 2% bound duty rate. Additionally, special tariff preference programs provide duty-free access to eligible countries. Understanding the HS code and its associated data is essential for importers, exporters, and policymakers involved in international trade.