Hydraulic turbines and water wheels are essential components in the generation of hydroelectric power. These machines harness the power of flowing water to produce electricity, making them an important part of renewable energy infrastructure. HS Code 84101200 specifically refers to hydraulic turbines and water wheels with a power capacity exceeding 1,000 kW but not exceeding 10,000 kW.
When it comes to international trade, the HS code plays a crucial role in classifying and categorizing products. The HS code system is used by customs authorities around the world to identify and track goods as they cross borders. By using a standardized set of codes, it becomes easier to regulate trade and apply appropriate duties on imported goods.
For HS Code 84101200, the bound or most-favored-nation (MFN) duty rate is 3.8%. This means 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. The MFN duty rate ensures fair and equal treatment for all countries involved in trade.
There are also special tariff preference programs associated with HS Code 84101200. These programs provide certain countries with preferential treatment, such as duty-free imports. Some of the special tariff preference programs applicable to this HS code include:
These special tariff preference programs aim to foster economic cooperation and development between countries by reducing or eliminating import duties on specific goods.
When it comes to importing HS Code 84101200 into the United States, there are several states that are prominent in their demand for these products. The states that import hydraulic turbines and water wheels with a power capacity exceeding 1,000 kW but not exceeding 10,000 kW include:
These states play a significant role in the importation and utilization of hydraulic turbines and water wheels for hydroelectric power generation.
On the other hand, when it comes to exporting HS Code 84101200 from the United States, the states that have a notable presence in terms of supplying these products include:
These states contribute significantly to the exportation of hydraulic turbines and water wheels, showcasing their involvement in the global renewable energy market.
HS Code 84101200 represents hydraulic turbines and water wheels with a power capacity exceeding 1,000 kW but not exceeding 10,000 kW. These machines are crucial in the generation of hydroelectric power and are classified and regulated through the HS code system. The bound or MFN duty rate for this HS code is 3.8%, and there are special tariff preference programs that provide certain countries with duty-free treatment. Various states in the United States play a significant role in both importing and exporting hydraulic turbines and water wheels, contributing to the growth and development of renewable energy infrastructure.