Gas turbines are a crucial component in various industries, including power generation, oil and gas, and aviation. HS Code 84118280 specifically refers to gas turbines that are not turbojets or turbopropellers and have a power output exceeding 5,000 kW. This article will provide an extensive overview of this HS code, including its product description, duty rates, special tariff preference programs, and the states involved in importing and exporting this product.
The product described under HS Code 84118280 encompasses gas turbines with power outputs exceeding 5,000 kW. It is important to note that this HS code excludes turbojets and turbopropellers. Gas turbines are combustion engines that convert the energy from fuel into mechanical energy, which is then used to generate electricity or propel machinery.
Gas turbines find applications in various industries, such as power plants, where they are used to generate electricity. They are also utilized in the oil and gas industry for pumping operations and as drivers for compressors. Additionally, gas turbines are employed in the aviation sector to power aircraft.
The bound or most favored nation (MFN) duty rate for products falling under HS Code 84118280 is 2.5%. The MFN duty rate implies that whenever 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 duty rate applies to imports of gas turbines with power exceeding 5,000 kW from any country, subject to specific preferential programs discussed in the next section.
HS Code 84118280 is eligible for various special tariff preference programs, which provide either reduced duty rates or duty-free treatment for imports. The following programs are applicable:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating customs duties on specific products.
Gas turbines falling under HS Code 84118280 are imported into the United States by various states. The following states are involved in importing this product:
These states play a significant role in importing gas turbines with power exceeding 5,000 kW into the United States. The importation of these turbines contributes to the growth and development of various industries in these states.
Gas turbines falling under HS Code 84118280 are also exported from the United States by several states. The following states are involved in exporting this product:
These states actively participate in exporting gas turbines with power exceeding 5,000 kW to various countries around the world. The exportation of these turbines contributes to the economy and enhances the competitiveness of the United States in the global market.
HS Code 84118280 represents gas turbines with power outputs exceeding 5,000 kW, excluding turbojets and turbopropellers. This article provided an extensive overview of this HS code, including its product description, duty rates, special tariff preference programs, and the states involved in importing and exporting this product. Gas turbines play a vital role in numerous industries, and their trade is facilitated by these regulations and programs.