Turbopropellers are an essential component of various machines and vehicles, providing power and propulsion. HS Code 84112180 specifically refers to turbopropellers with a power not exceeding 1,100 kW, excluding those used in aircraft.
When it comes to international trade, HS codes play a crucial role in classifying products and determining the applicable customs duties and regulations. HS Code 84112180 allows for accurate identification and classification of turbopropellers in international trade transactions.
The product description mentioned in the HS code refers to turbopropellers that have a power output of up to 1,100 kW. These turbopropellers are utilized in various applications, such as marine vessels, industrial machinery, and power generators. It's important to note that this HS code excludes turbopropellers used in aircraft, which are classified under a different HS code.
One of the key aspects to consider in international trade is the tariff rate applied to a specific product. The bound or Most Favored Nation (MFN) duty rate for HS Code 84112180 is free. 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. This encourages fair and equal treatment for all trading partners.
Quantity unit for HS Code 84112180 is "number" (NO). This unit specifies that the quantity of turbopropellers in a transaction should be measured in numerical count rather than weight or volume.
There are also special tariff preference programs associated with HS Code 84112180. The following countries or regions provide preferential treatment, allowing duty-free importation of turbopropellers:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
HS Code 84112180 is relevant for importers and exporters in various states in the United States. The following states are listed as importing states for this HS code:
These states engage in importing turbopropellers under HS Code 84112180, indicating the demand for such products in these regions.
On the other hand, the following states are listed as exporting states for HS Code 84112180:
These states are engaged in exporting turbopropellers under HS Code 84112180, showcasing their capability in manufacturing and supplying these products to domestic and international markets.
Overall, HS Code 84112180 plays a significant role in classifying and facilitating international trade of turbopropellers with a power not exceeding 1,100 kW, excluding those used in aircraft. Importers and exporters should be aware of the specific HS code and its associated regulations and tariff rates when conducting trade transactions involving these products.