Pumps are crucial devices used in various industries and applications to move fluids and gases from one place to another. They can be found in a wide range of sectors, including manufacturing, agriculture, construction, and more. However, pumps consist of various components, and sometimes these parts need to be replaced or repaired for optimal performance. This is where HS Code 84139190 comes into play. This HS code specifically refers to parts of pumps, nesi (not elsewhere specified).
HS Code 84139190 is used to classify and identify parts of pumps that are not explicitly mentioned under other specific HS codes. These parts can include impellers, casings, shafts, seals, bearings, and other essential components that are necessary for the proper functioning of a pump. By using this HS code, customs authorities and traders can accurately determine the type of parts being imported or exported.
When it comes to trade, understanding the HS code is crucial for importers and exporters. The HS code serves as a universal language for classifying goods and is used by customs officials worldwide to determine the appropriate duties and regulations that apply to specific products.
Importers who wish to bring parts of pumps classified under HS Code 84139190 into a country must be aware of the duty rates that apply. In this case, the bound or MFN (Most Favored Nation) duty rate is free. This means that no duty is imposed on these parts when they are imported. It is important to note that this rate is applicable when a country lowers a trade barrier or opens up a market, and it must be applied to the same goods or services from all trading partners.
In addition to the duty rate, there are also special tariff preference programs available for parts of pumps classified under HS Code 84139190. These programs provide certain countries with preferential treatment, such as duty-free access to the market. The countries that currently enjoy this privilege for HS Code 84139190 include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and several others.
Now, let's take a closer look at the importing and exporting patterns of parts of pumps classified under HS Code 84139190. The data shows that the top importing US states for these parts are Alaska, Arizona, Alabama, Iowa, Colorado, Nebraska, North Dakota, Wyoming, New Mexico, South Carolina, and Oklahoma. On the other hand, the top exporting US states for these parts are Connecticut, Florida, Georgia, Kentucky, South Carolina, Oklahoma, Wyoming, New Mexico, Nevada, and Oklahoma.
It is interesting to note that certain states appear both in the importing and exporting lists, indicating a strong domestic market for these pump parts. This can be attributed to the presence of manufacturing industries and maintenance facilities in these states.
HS Code 84139190 plays a vital role in classifying and identifying parts of pumps that are not explicitly mentioned under other specific codes. Importers and exporters dealing with these parts need to be aware of the duty rates and special tariff preference programs applicable to them. By understanding the HS code and its implications, traders can navigate the international trade landscape more effectively and ensure smooth customs clearance for their products.