The HS Code 84082020 refers to compression-ignition internal-combustion piston engines that are specifically designed to be installed in vehicles of heading 8701.20, 8702, 8703, or 8704. This code is used to classify and regulate the import and export of these engine types.
Compression-ignition internal-combustion piston engines are commonly known as diesel engines. They are widely used in various vehicles, including cars, trucks, buses, and agricultural machinery. These engines operate by compressing the air-fuel mixture in the combustion chamber, which ignites due to the high temperature and pressure, generating power to propel the vehicle.
When importing or exporting compression-ignition internal-combustion piston engines, it is essential to comply with the regulations and tariffs associated with the HS Code 84082020. Let's explore some important information related to this code:
The bound or most-favored-nation (MFN) duty rate for HS Code 84082020 is set at 2.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate applies to the importation of compression-ignition internal-combustion piston engines.
The quantity unit for HS Code 84082020 is the number (NO), indicating the total number of compression-ignition internal-combustion piston engines being imported or exported.
Compression-ignition internal-combustion piston engines classified under HS Code 84082020 may be eligible for special tariff preference programs. These programs provide reduced or duty-free treatment for importing countries. Here are some examples of special tariff preference programs:
The following US states import compression-ignition internal-combustion piston engines classified under HS Code 84082020:
The following US states export compression-ignition internal-combustion piston engines classified under HS Code 84082020:
Understanding the HS Code 84082020 and its associated regulations is crucial for businesses involved in the import and export of compression-ignition internal-combustion piston engines. By following the correct procedures and taking advantage of special tariff preference programs, businesses can ensure smooth international trade operations.