The HS Code 92019000 refers to a specific category of musical instruments. In this case, it specifically includes keyboard string instruments such as pianos, harpsichords, and other similar instruments that do not have electronic sound or amplification capabilities.
When importing or exporting goods classified under this HS Code, it is important to be aware of the relevant trade regulations and tariffs. The bound or most-favored-nation (MFN) duty rate for this category is 3.5%. This 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.
The quantity unit for this HS Code is measured in numbers (NO), indicating the number of units of the product being imported or exported.
There are also special tariff preference programs available for this category, which provide certain countries with preferential treatment in terms of duty rates. The following countries are eligible for these special rates: Australia, Bahrain, Canada, Chile, European Union member states, Israel, Japan, Jordan, Morocco, Mexico, Oman, Peru, Singapore, and the Dominican Republic.
These special tariff preference programs include the Generalized System of Preferences (GSP) which provides duty-free treatment, special rates for specific countries, and trade agreements such as NAFTA for Canada and Mexico, the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), and the Dominican Republic-Central American Special Rate (DR-CAFTA).
When importing goods classified under HS Code 92019000 into the United States, it is important to consider the specific regulations and requirements of the importing US states. Similarly, when exporting these goods from the United States, it is essential to be aware of the regulations and requirements of the destination country or states.
HS Code 92019000 encompasses keyboard string instruments without electronic sound or amplification capabilities, including pianos, harpsichords, and other similar instruments. Understanding the trade regulations, duty rates, and special tariff preference programs associated with this HS Code is crucial for importers and exporters involved in the musical instrument industry.