Tennis is a popular sport enjoyed by millions of people around the world. From professionals to amateurs, the game of tennis requires specific equipment to be played. One essential part of a tennis player's gear is the racket. However, rackets are not complete without the necessary parts and accessories that enhance performance and durability. This is where HS Code 95065160 comes into play.
HS Code 95065160 refers to the classification for parts and accessories designed specifically for lawn-tennis rackets. This code facilitates the smooth import and export of these items by providing a standardized classification system recognized globally. It helps customs officials and traders identify and categorize the products accurately.
When it comes to international trade, tariff rates play a crucial role in determining the cost of importing or exporting goods. The bound or MFN (Most Favored Nation) duty rate for HS Code 95065160 is 3.1%. 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 promotes fair trade practices and equal opportunities for all.
It is important to note that the quantity unit for HS Code 95065160 is "no units collected." This implies that the code is used to classify parts and accessories for lawn-tennis rackets, but the specific quantity or measurement is not collected. This may vary depending on the individual items being imported or exported.
One significant advantage of HS Code 95065160 is that it falls under several special tariff preference programs. These programs offer preferential treatment in terms of duty rates to eligible countries. For this particular HS code, the following special tariff preference programs apply:
These special tariff preference programs aim to promote economic development and strengthen trade relationships between countries. By offering duty-free treatment or special rates, they encourage the import and export of parts and accessories for lawn-tennis rackets, ultimately benefiting the players, manufacturers, and traders involved.
Importing and exporting HS Code 95065160 can occur between various US states. The specific states involved in the import and export of these parts and accessories may vary based on market demand, manufacturing capabilities, and consumer preferences. Therefore, it is essential for traders and tennis enthusiasts to stay informed about the specific states involved in the trade of these goods.
HS Code 95065160 plays a vital role in the international trade of parts and accessories for lawn-tennis rackets. It provides a standardized classification system, ensures fair trade practices through bound or MFN duty rates, and offers preferential treatment through special tariff preference programs. By understanding and utilizing this code, importers, exporters, and tennis enthusiasts can engage in trade activities efficiently and contribute to the growth of the tennis industry.