In this article, we will explore the details of HS Code 84073360, which refers to spark-ignition reciprocating piston engines used in various vehicles. This code is specifically for engines with a cylinder capacity greater than 250 cc but less than or equal to 1,000 cc, and it applies to vehicles classified under HS Codes 8701.20, 8702, 8703, or 8704. Let's delve into the specifics of this code and its implications.
The product description for HS Code 84073360 is "Spark-ignition reciprocating piston engines, for other vehicles of HS Codes 8701.20, 8702, 8703 or 8704, with a cylinder capacity greater than 250 cc and equal to or less than 1,000 cc, not elsewhere specified." This means that the code applies to engines used in various types of vehicles, including cars, motorcycles, and other motorized vehicles falling under the mentioned HS codes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 84073360 is 2.5%. The MFN duty rate indicates the rate at which a country imposes import duties on goods from its trading partners. In this case, any country importing engines falling under this HS code will be subject to a duty rate of 2.5%.
It is worth noting that countries may have special tariff preference programs in place, which can exempt certain imports from paying duties. However, these programs are specific to each country and may vary. Let's explore some of the special tariff preference programs applicable to HS Code 84073360:
These special tariff preference programs can significantly impact the duty rates applicable to imports of HS Code 84073360, depending on the country of import and the specific program in place.
While the HS code is an international classification system, it is essential to understand its implications for specific regions and states. In this case, let's focus on importing and exporting states within the United States.
Nebraska appears to be the primary importing state for products falling under HS Code 84073360. This suggests that there is a demand for spark-ignition reciprocating piston engines in Nebraska, possibly due to the presence of automotive manufacturing or repair industries in the state.
Maine and Wisconsin are the primary exporting states for products classified under HS Code 84073360. This indicates that these states have significant manufacturing or distribution capabilities for spark-ignition reciprocating piston engines used in vehicles.
HS Code 84073360 is specifically designed to classify spark-ignition reciprocating piston engines used in various vehicles. It has a bound / MFN duty rate of 2.5% for all importing countries, unless specific tariff preference programs apply. These programs can exempt imports from paying duties, depending on the country of import and the program in place.
Furthermore, Nebraska is the primary importing state for these engines, while Maine and Wisconsin are the primary exporting states within the United States. Understanding the specific HS code and its implications can assist businesses, policymakers, and individuals involved in the automotive industry in making informed decisions regarding trade and market opportunities.