When it comes to the world of trade and commerce, there are many codes and classifications that help facilitate the smooth flow of goods and services across borders. One such code is the HS Code, also known as the Harmonized System Code. In this article, we will be exploring the HS Code 84099150, which refers to parts used solely or principally with spark-ignition internal-combustion piston engines for vehicles of head 8701.20, 8702-8704.
The HS Code 84099150 specifically encompasses parts that are essential for the functioning of spark-ignition internal-combustion piston engines used in vehicles. These parts play a crucial role in ensuring the smooth operation and performance of these engines, which power a wide range of vehicles such as cars, motorcycles, and recreational vehicles.
It is important to note that the HS Code 84099150 is applicable to parts that are used solely or principally with spark-ignition internal-combustion piston engines for vehicles falling under the head 8701.20, 8702-8704. This means that the code is specific to certain types of vehicles and their corresponding engine types.
The bound / MFN duty rate for products falling under the HS Code 84099150 is 2.5%. It is important to understand 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 ensures fair and equal treatment for all countries involved in international trade.
Under the HS Code 84099150, there are several special tariff preference programs that offer specific benefits and preferential treatment for certain countries. These programs include:
When it comes to importing products falling under the HS Code 84099150 into the United States, several states engage in these trade activities. The importing US states for these products include:
On the other hand, certain US states engage in the export of products falling under the HS Code 84099150. The exporting US states for these products include:
the HS Code 84099150 plays a crucial role in classifying and facilitating the trade of parts used with spark-ignition internal-combustion piston engines for specific vehicles. It is important for importers, exporters, and traders to understand the implications and benefits associated with this code, such as the bound / MFN duty rate and special tariff preference programs. By adhering to these regulations and taking advantage of preferential treatment, businesses can navigate the international trade landscape more effectively.