The HS Code 84073390 refers to spark-ignition reciprocating piston engines for vehicles of chapter 87, not elsewhere specified or included (nesi), with a cylinder capacity over 250cc but not exceeding 1000cc. This code is used to classify and regulate the import and export of these engines.
Spark-ignition reciprocating piston engines are commonly used in various types of vehicles, including cars, motorcycles, and small boats. They are designed to convert the energy produced by the combustion of fuel into mechanical energy, which powers the vehicle's movement. These engines are known for their efficiency and reliability, making them a popular choice in the automotive industry.
When importing or exporting spark-ignition reciprocating piston engines, it is essential to understand the regulations and duty rates associated with the HS Code 84073390. The bound or Most Favored Nation (MFN) duty rate for this code is free, which means that countries are not required to impose any tariffs or duties on these engines.
This duty-free treatment is part of various special tariff preference programs that promote international trade and economic cooperation. Some of these programs include:
It is important to note that the duty rates and special tariff preference programs can vary depending on the country of import or export. Importing US states for spark-ignition reciprocating piston engines under HS Code 84073390 primarily include Nebraska. On the other hand, exporting US states for these engines include Maine and Wisconsin.
Understanding the HS Code 84073390 and the associated duty rates and special tariff preference programs is crucial for businesses involved in the import and export of spark-ignition reciprocating piston engines. Compliance with these regulations ensures smooth and cost-effective international trade, benefiting both the importing and exporting countries.