The HS Code 84212300 refers to oil or fuel filters specifically designed for internal combustion engines. These filters play a crucial role in maintaining the efficiency and longevity of engines by removing impurities and contaminants from the oil or fuel before they reach the engine's critical components.
When it comes to trade, the HS Code serves as a standardized classification system for products. It ensures that goods are identified and categorized uniformly across different countries, enabling efficient international trade. Understanding the HS Code for a specific product is essential for importers, exporters, and customs officials to accurately determine applicable duties, tariffs, and regulations.
The bound or most-favored-nation (MFN) duty rate for HS Code 84212300 is 2.5%. This rate is applied consistently to all countries that trade with the country of import. In other words, 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.
Currently, no units are collected for this product (X), which suggests that the quantity unit is not specified or relevant in this case.
Some special tariff preference programs offer duty-free treatment for oil or fuel filters classified under HS Code 84212300. These programs include:
When it comes to the importation of oil or fuel filters under HS Code 84212300, the data shows that the state of Maine is the main importer, with an unspecified quantity of imports. On the other hand, the states of New Hampshire, Rhode Island, and the Virgin Islands are the main exporters of this product.
Understanding the HS Code and its associated data is crucial for businesses, policymakers, and trade organizations involved in international trade. It helps them navigate customs procedures, determine applicable tariffs, and leverage special tariff preference programs to optimize trade opportunities.