Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 92079000: Musical Instruments (Other than Keyboard Except Accordions) NESOI

When it comes to international trade, it is essential to have a standardized system for classifying goods. This is where Harmonized System (HS) codes come into play. Each product is assigned a unique HS code, which helps in the smooth flow of trade across borders.

In this article, we will take a closer look at HS Code 92079000, which pertains to musical instruments (other than keyboards except accordions) NESOI, the sound of which is produced, or must be amplified, electrically.

Let's break down the HS code 92079000 to understand its components:

• HS Code: 92079000
• Product Description: Musical instruments (other than keyboards except accordions) NESOI, the sound of which is produced, or must be amplified, electrically

This HS code is specifically assigned to musical instruments that require electrical amplification for sound production. It excludes keyboards and accordions, which have their own respective HS codes.

Now, let's explore the various aspects related to HS Code 92079000:

Bound / MFN Duty Rate

The bound / most-favored nation (MFN) duty rate for HS Code 92079000 is 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. This duty rate ensures fair and equal treatment for all countries involved in trade.

Quantity Unit

The quantity unit for HS Code 92079000 is a number (NO). This indicates that the quantity of musical instruments imported or exported is measured in numbers rather than weight or volume.

Special Tariff Preference Programs

HS Code 92079000 is eligible for various special tariff preference programs. These programs provide favorable trade conditions and duty-free treatment for certain countries. Here are the special tariff preference programs applicable to this HS code:

• Generalized System of Preferences (GSP): This program grants duty-free treatment to eligible countries. The countries that enjoy this benefit for HS Code 92079000 include Australia (AU), Canada (CA), Chile (CL), Israel (IL), Jordan (J), Mexico (MX), Oman (OM), Peru (PE), and Singapore (SG).
• Australia Special Rate: Australia has a special rate for this HS code, ensuring specific trade benefits.
• Bahrain Special Rate: Bahrain has a special rate for this HS code, providing specific trade advantages.
• NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), Canada enjoys duty-free treatment for HS Code 92079000.
• Caribbean Basin Initiative (CBI): This initiative offers preferential treatment for certain countries in the Caribbean region, including duty-free treatment for this HS code.
• Andean Trade Preference Act (ATPA): This program grants trade preferences to eligible countries in the Andean region, including duty-free treatment for HS Code 92079000.
• Jordan Special Rate: Jordan has a special rate for this HS code, ensuring specific trade advantages.
• Morocco Special Rate: Morocco has a special rate for this HS code, providing specific trade benefits.
• NAFTA for Mexico: Under NAFTA, Mexico enjoys duty-free treatment for HS Code 92079000.
• Oman Special Rate: Oman has a special rate for this HS code, ensuring specific trade advantages.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program offers preferential treatment to eligible countries in the Dominican Republic and Central America, including duty-free treatment for this HS code.
• Peru Special Rate: Peru has a special rate for this HS code, providing specific trade benefits.
• Singapore Special Rate: Singapore has a special rate for this HS code, ensuring specific trade advantages.

Importing and Exporting US States

When it comes to importing HS Code 92079000 into the United States, Kansas is one of the states involved in trade. On the other hand, when exporting this HS code from the United States, the states involved include New Hampshire and the District of Columbia.

HS Code 92079000 plays a significant role in facilitating the international trade of musical instruments that require electrical amplification. It ensures proper classification, fair duty rates, and access to special tariff preference programs for eligible countries. Whether you are a musician, manufacturer, or trader, understanding HS Code 92079000 is crucial for engaging in global trade.