In international trade, the Harmonized System (HS) Code serves as a universal classification system for goods. Each HS Code represents a specific product, allowing countries to apply consistent customs duties and regulations. In this article, we will explore the HS Code 84073444, which refers to spark-ignition reciprocating piston engines for vehicles with a cylinder capacity over 2000 cc, used or rebuilt. Let's delve into the details of this product category, including its description, duty rates, special tariff preference programs, and the states involved in importing and exporting.
The HS Code 84073444 encompasses spark-ignition reciprocating piston engines specifically designed for vehicles falling under HS Code 8701.20 or HS Codes 8702-8704. These engines have a cylinder capacity exceeding 2000 cc and can be either used or rebuilt. They play a crucial role in powering various types of vehicles, such as cars, trucks, and motorcycles, offering efficient and reliable performance.
The bound or Most Favored Nation (MFN) duty rate for the HS Code 84073444 is 2.5%. This duty rate is applicable whenever a country reduces trade barriers or opens up its market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of customs duties.
The quantity unit for the HS Code 84073444 is measured in numbers (NO). This unit indicates the count of individual engines or engine sets imported or exported.
The HS Code 84073444 is eligible for several special tariff preference programs, providing certain countries with favorable treatment. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries, fostering mutually beneficial relationships.
The HS Code 84073444 is imported by the following US states:
These states play a significant role in importing spark-ignition reciprocating piston engines for vehicles with a cylinder capacity over 2000 cc.
The HS Code 84073444 is exported by the following US states:
These states actively participate in the exportation of spark-ignition reciprocating piston engines for vehicles, contributing to international trade and economic growth.
the HS Code 84073444 represents spark-ignition reciprocating piston engines for vehicles with a cylinder capacity over 2000 cc, used or rebuilt. This article provided an in-depth overview of the product category, including its description, duty rates, special tariff preference programs, and the states involved in importing and exporting. Understanding the HS Code and its associated information is crucial for international traders, ensuring compliance with customs regulations and facilitating smooth trade operations.