Spark-ignition reciprocating piston engines play a crucial role in powering vehicles. These engines are specifically designed for vehicles falling under HS codes 8701.20 or 8702-8704, with a cylinder capacity exceeding 2000 cc. The HS code 84073448 identifies and classifies these engines for trade and regulatory purposes.
When it comes to international trade, it is essential to understand the duty rates and tariff preferences associated with a specific product. The bound or most-favored-nation (MFN) duty rate for spark-ignition reciprocating piston engines is 2.5%. This means that whenever a country lowers a trade barrier or opens up its market, it must offer the same tariff rate for these engines to all its trading partners.
The quantity unit for these engines is measured in numbers (NO), indicating the total count of engines being imported or exported.
Under various special tariff preference programs, certain countries enjoy duty-free treatment for importing spark-ignition reciprocating piston engines. These programs include:
Importers and exporters of spark-ignition reciprocating piston engines under HS code 84073448 should be aware of these special tariff preference programs to optimize their trade operations.
When it comes to importing these engines into the United States, certain states are prominent in their demand. The states where importing activity is concentrated include Alabama, Kentucky, Michigan, Missouri, Ohio, and South Carolina.
On the other hand, the major exporting states for these engines within the United States are Alabama, Michigan, Ohio, Tennessee, and West Virginia.
Understanding the HS code 84073448 and its associated data is essential for businesses involved in the import and export of spark-ignition reciprocating piston engines. Adhering to the appropriate duty rates and tariff preferences can streamline trade processes and promote international cooperation.