HS Code 84021900: Vapor-generating boilers
When it comes to international trade, it is crucial to have a standardized system for classifying and identifying products. The Harmonized System (HS) Code is an internationally recognized system that assigns a unique code to each product. One such HS Code is 84021900, which corresponds to vapor-generating boilers, including hybrid boilers, other than watertube boilers.
Vapor-generating boilers play a vital role in various industries, including power generation, chemical processing, and manufacturing. They are used to produce steam or vapor by heating water or other fluids. These boilers are essential for many processes, such as generating electricity, producing heat for industrial applications, and even in residential heating systems.
The HS Code 84021900 helps customs authorities in different countries accurately classify and regulate the import and export of vapor-generating boilers. By using this code, it becomes easier to track and monitor the flow of these products across borders.
Now, let's delve into some additional details about HS Code 84021900:
- Bound / MFN duty rate: The bound or most-favored-nation (MFN) duty rate for HS Code 84021900 is 5.2%. 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 applies to the import and export of vapor-generating boilers.
- Quantity unit: The quantity unit for HS Code 84021900 is metric tons (T). This unit of measurement is used to quantify the weight or volume of the boilers being imported or exported.
- Special tariff preference programs: Several countries have special tariff preference programs that provide certain benefits and exemptions for the import and export of vapor-generating boilers under HS Code 84021900. Some of these programs include:
- Free: Generalized System of Preferences (GSP) - provides duty-free treatment for eligible countries.
- Australia Special Rate: Australia has a special rate for the import of vapor-generating boilers.
- Bahrain Special Rate: Bahrain offers a special rate for the import of these boilers.
- NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), Canada enjoys duty-free treatment for vapor-generating boilers.
- Chile Special Rate: Chile has a special rate for the import of these boilers.
- Caribbean Basin Initiative (CBI): Certain countries in the Caribbean Basin enjoy duty-free treatment for vapor-generating boilers.
- Israel Special Rate: Israel provides duty-free treatment for these boilers.
- Andean Trade Preference Act (ATPA): Certain countries in the Andean region enjoy duty-free treatment for vapor-generating boilers.
- Jordan Special Rate: Jordan offers a special rate for the import of these boilers.
- Morocco Special Rate: Morocco has a special rate for the import of vapor-generating boilers.
- NAFTA for Mexico: Under NAFTA, Mexico enjoys duty-free treatment for these boilers.
- Oman Special Rate: Oman offers a special rate for the import of vapor-generating boilers.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Certain countries in the Dominican Republic-Central American Free Trade Agreement enjoy duty-free treatment for these boilers.
- Peru Special Rate: Peru has a special rate for the import of vapor-generating boilers.
- Singapore Special Rate: Singapore offers a special rate for the import of these boilers.
HS Code 84021900 is of great importance for businesses involved in the import and export of vapor-generating boilers. It facilitates international trade by providing a standardized classification system and helps businesses comply with customs regulations. Understanding the HS Code and its associated details is essential for smooth and efficient trade operations.
So, the next time you come across HS Code 84021900, remember that it represents vapor-generating boilers, including hybrid boilers, other than watertube boilers. Its application helps streamline international trade and ensures the proper classification and regulation of these essential industrial products.
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