Sailboards are a popular water sport equipment that combine the thrill of surfing with the power of wind. They consist of a board with a sail attached, allowing riders to harness the wind and glide across the water surface. In this article, we will explore the HS Code 95062140, which specifically refers to sailboards.
HS Code 95062140 is a classification code used by customs authorities to identify and categorize sailboards for international trade purposes. It is essential for importers and exporters to correctly classify their products using the appropriate HS Code to ensure smooth customs procedures and accurate tariff calculations.
The product description for HS Code 95062140 is "Sailboards." This code allows customs authorities to quickly identify and differentiate sailboards from other water sports equipment, such as surfboards or paddleboards.
When it comes to import and export duties, sailboards classified under HS Code 95062140 are eligible for free trade under certain conditions. The bound or Most Favored Nation (MFN) duty rate for sailboards is free. 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 sailboards under HS Code 95062140 is "number" (NO). This unit indicates that the quantity of sailboards is measured in the number of individual units.
In addition to the MFN duty rate, sailboards under HS Code 95062140 are also eligible for special tariff preference programs. These programs provide additional benefits and preferential treatment for importers and exporters. The following countries have special tariff rates for sailboards:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. Importers and exporters can take advantage of these programs to reduce or eliminate import duties on sailboards.
When importing sailboards into the United States, it is important to consider the specific regulations and requirements of each state. While the HS Code 95062140 applies nationwide, individual states may have additional regulations or restrictions on the importation of sailboards. It is advisable to consult with local customs authorities or trade experts to ensure compliance with all applicable regulations.
In summary, HS Code 95062140 refers to sailboards, which are a type of water sports equipment combining surfing and wind power. Sailboards classified under this code are eligible for free trade and may also qualify for special tariff preference programs. Importers and exporters should accurately classify their sailboards using the HS Code to ensure smooth customs procedures and take advantage of any available benefits or exemptions.