The HS Code 84196010 refers to machinery used for liquefying air or gas, specifically those containing brazed aluminum plate-fin heat exchangers. This code is used to classify and identify this specific type of machinery for trade and customs purposes. Understanding the HS code system is important for importers, exporters, and customs officials as it helps facilitate international trade and ensures uniformity in trade regulations.
The product description of HS Code 84196010 indicates that the machinery in question is designed for the purpose of liquefying air or gas. This machinery utilizes brazed aluminum plate-fin heat exchangers, which are efficient in heat transfer and widely used in industries such as refrigeration, air conditioning, and natural gas processing.
When importing or exporting goods classified under HS Code 84196010, it is essential to be aware of the associated duties and tariff rates. The bound or Most Favored Nation (MFN) duty rate for this HS code is 4.2%. The MFN duty rate is the rate that applies to all trading partners equally, ensuring fair and non-discriminatory trade practices. However, it is important to note that this duty rate may vary depending on trade agreements or special tariff preference programs.
Under special tariff preference programs, certain countries may receive preferential treatment or exemption from duty payment for goods classified under HS Code 84196010. The following countries are eligible for special tariff preferences for this HS code: Australia (A), Austria (AU), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Singapore (SG), and others.
These special tariff preference programs include the Generalized System of Preferences (GSP), which provides duty-free treatment for eligible developing countries. Additionally, specific trade agreements such as NAFTA (North American Free Trade Agreement) grant duty-free treatment for Canada and Mexico. Other programs like the Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) also offer special rates or exemptions for certain countries.
It is crucial for importers and exporters to be familiar with these special tariff preference programs and their eligibility criteria, as they can significantly impact the cost of trade and competitiveness in the global market.
When importing goods classified under HS Code 84196010 into the United States, it is essential to consider the relevant regulations and requirements of both the importing and exporting states. Different states within the US may have specific regulations or restrictions on the importation of certain goods, including machinery for liquefying air or gas with brazed aluminum plate-fin heat exchangers. Compliance with these regulations ensures smooth customs clearance and avoids any potential penalties or delays in the import process.
HS Code 84196010 represents machinery for liquefying air or gas containing brazed aluminum plate-fin heat exchangers. Understanding this HS code is essential for international trade, as it helps classify and identify specific goods for customs purposes. Importers and exporters should be aware of the associated duties, tariff rates, and special tariff preference programs to effectively navigate the global market and optimize trade opportunities.