HS Code 84073418 refers to spark-ignition reciprocating piston engines for vehicles with a cylinder capacity of over 1000 cc to 2000 cc. These engines are primarily used in vehicles classified under HS Codes 8701.20 or 8702-8704. This article will provide an extensive overview of the HS Code and its implications in international trade.
The product described under HS Code 84073418 is specifically designed for use in vehicles. Spark-ignition reciprocating piston engines are commonly found in automobiles, motorcycles, and other motor vehicles. The engines covered by this HS Code have a cylinder capacity ranging from over 1000 cc to 2000 cc. These engines are typically brand new and are manufactured to meet specific performance and emission standards.
The bound / most-favored-nation (MFN) duty rate for products falling under HS Code 84073418 is 2.5%. The MFN duty rate applies to all countries and represents the tariff rate that a country imposes on imports from its trading partners. It ensures that any time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This helps promote fair trade practices and equal treatment among trading nations.
The quantity unit for products classified under HS Code 84073418 is the number (NO). This unit indicates that the engines are counted individually rather than measured by weight or volume.
Products falling under HS Code 84073418 are eligible for special tariff preference programs in several countries. The following countries grant preferential treatment to these engines:
These preferential programs aim to promote trade and strengthen economic ties between the countries involved. They often offer reduced or duty-free treatment for imports, making the engines more competitive in these markets.
HS Code 84073418 engines are imported into the following states in the United States:
HS Code 84073418 engines are exported from the United States to the following states:
HS Code 84073418 encompasses spark-ignition reciprocating piston engines for vehicles with a cylinder capacity of over 1000 cc to 2000 cc. These engines are primarily used in automobiles and motorcycles and are subject to a 2.5% bound / MFN duty rate. They are eligible for various special tariff preference programs in several countries, which provide preferential treatment to promote trade. Importing and exporting of these engines occur in multiple states within the United States. Understanding the HS Code and its associated details is crucial for businesses involved in international trade of spark-ignition reciprocating piston engines for vehicles.