When it comes to international trade, there are several important factors to consider. One of these factors is the Harmonized System (HS) code, which is used to classify goods for customs purposes. In this article, we will take a closer look at HS Code 84059000, specifically focusing on its product description, duty rates, and special tariff preference programs.
HS Code 84059000 refers to parts for gas generators that fall under subheading 8405.10. Gas generators are machines that convert various forms of fuel into electrical energy. These parts play a crucial role in the functioning of gas generators and ensure their optimal performance.
The bound or Most Favored Nation (MFN) duty rate for HS Code 84059000 is stated as "Free." This means that there is no tariff or duty imposed on the importation of these parts. It is worth noting that the MFN duty rate is applicable whenever a country lowers a trade barrier or opens up a market. This principle ensures that all trading partners receive the same treatment for the same goods or services.
HS Code 84059000 is eligible for several special tariff preference programs. These programs provide specific countries with preferential treatment in terms of duty rates. The following countries enjoy duty-free treatment under these programs:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods.
HS Code 84059000 can be imported into and exported from various states within the United States. The specific states involved in the importation and exportation of these parts may vary depending on the trade agreements and business relationships between the parties involved.
HS Code 84059000 represents parts for gas generators falling under subheading 8405.10. These parts are essential for the functioning of gas generators and enjoy duty-free treatment under the MFN duty rate. Additionally, several special tariff preference programs provide duty-free treatment for these parts in specific countries. Understanding the HS code and its implications is crucial for businesses engaged in international trade.