Electrical direction finding compasses are a type of navigational instrument used to determine the direction of an object or location. These compasses utilize electrical components and technology to provide accurate and precise readings.
HS Code 90141070 is specifically assigned to electrical direction finding compasses. This code is a standardized system used for classifying and categorizing products in international trade. It helps in identifying and tracking goods as they move across borders.
When importing or exporting electrical direction finding compasses, it is important to understand the regulations and tariffs associated with HS Code 90141070. This information can help businesses make informed decisions and comply with international trade laws.
The bound/MFN duty rate for HS Code 90141070 is free. This means that there are no additional duties or tariffs imposed on these compasses when traded between countries. Free trade agreements and special tariff preference programs further enhance the benefits of trading these products.
Under special tariff preference programs, electrical direction finding compasses classified under HS Code 90141070 are eligible for duty-free treatment in certain countries. These countries include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and several others.
The Generalized System of Preferences (GSP) is one such program that grants duty-free treatment to these compasses. Additionally, specific agreements like the Agreement on Trade in Civil Aircraft and NAFTA for Canada and Mexico also provide duty-free treatment for electrical direction finding compasses.
For businesses based in the United States, it is important to consider the importing and exporting states when dealing with HS Code 90141070. While the data provided does not specify the exporting states, it mentions New Hampshire as the importing state. This information could be useful for businesses located in New Hampshire that are looking to import electrical direction finding compasses.
Overall, HS Code 90141070 plays a crucial role in the international trade of electrical direction finding compasses. Understanding the regulations and tariff preferences associated with this code can help businesses navigate the complexities of global trade and make informed decisions.