The HS Code 84073455 refers to spark-ignition reciprocating piston engines for other vehicles of chapter 87, not elsewhere specified or included, with a cylinder capacity exceeding 2000 cc. This code is used to classify and identify these specific types of engines for trade and customs purposes.
When importing or exporting goods, it is important to understand the HS code associated with the product. HS codes are a standardized system used globally to classify and categorize traded products. They help facilitate international trade by ensuring consistency and transparency in customs procedures and tariffs.
The product description of HS Code 84073455 indicates that it includes spark-ignition reciprocating piston engines for vehicles that are not specifically mentioned in chapter 87 of the Harmonized System. These engines have a cylinder capacity exceeding 2000 cc, which typically indicates larger and more powerful engines.
The bound or most-favored-nation (MFN) duty rate for HS Code 84073455 is free. This means that there are no import duties imposed on these engines when traded between countries. The principle of MFN states that when 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. Therefore, the duty rate remains free for this HS code.
HS Code 84073455 is eligible for various special tariff preference programs, which provide additional benefits or exemptions from duties. Some of the programs applicable to this HS code include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing incentives for specific products.
HS Code 84073455 is imported into the following US states:
HS Code 84073455 is exported from the following US states:
Understanding the HS code and its associated information is crucial for businesses involved in international trade. It helps ensure compliance with customs regulations, determines applicable duties and tariff preferences, and facilitates smooth cross-border transactions.