The HS Code 84111240 represents aircraft turbojets with a thrust exceeding 25 kN. This code is used to classify and identify this specific type of product for international trade purposes. Let's take a closer look at this HS code and understand its significance in the global market.
Product Description: Aircraft turbojets of a thrust exceeding 25 kN are high-performance engines used in aviation. These turbojets provide the necessary power for aircraft to achieve flight and maintain high speeds. They are designed to generate a significant amount of thrust, making them suitable for commercial and military aircraft.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for this product is free. This means that every time 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. This encourages fair and equal trade practices among nations.
Quantity Unit: The quantity unit for this HS code is "number" (NO), indicating that the product is measured in individual units.
Special Tariff Preference Programs: Several countries have special tariff preference programs for aircraft turbojets of a thrust exceeding 25 kN. These programs offer preferential duty rates or duty-free treatment to foster trade relationships. The following are some of the programs applicable to this HS code:
Importing US States: The following US states are known for importing aircraft turbojets of a thrust exceeding 25 kN:
Exporting US States: The following US states are known for exporting aircraft turbojets of a thrust exceeding 25 kN:
The HS Code 84111240 plays a crucial role in facilitating international trade of aircraft turbojets. It helps customs authorities, businesses, and trading partners accurately classify and identify these products, ensuring smooth cross-border transactions. Understanding this HS code is essential for importers, exporters, and industry professionals involved in the aviation sector.