The HS Code 84253101 refers to winches and capstans that are powered by an electric motor. These equipment are commonly used in various industries for lifting and pulling heavy loads. In this article, we will explore the details of this HS code and its implications for international trade.
Winches and capstans are mechanical devices that are designed to handle heavy loads by winding or unwinding cables or ropes. The HS Code 84253101 specifically refers to winches and capstans that are powered by an electric motor. These devices are commonly used in industries such as construction, marine, and logistics.
The bound or most-favored-nation (MFN) duty rate for HS Code 84253101 is free. This means that countries do not impose any import duties on these products. It is important to note that this duty rate applies when a country lowers a trade barrier or opens up a market. This principle ensures that all trading partners receive the same treatment for the same goods or services.
The quantity unit for HS Code 84253101 is a number (NO). This implies that the quantity of winches and capstans being traded is measured in numerical terms.
HS Code 84253101 is eligible for various special tariff preference programs. These programs provide additional trade benefits to specific countries. The following countries have special rates or duty-free treatment for this HS code:
For the importation of products under HS Code 84253101 into the United States, the state of South Dakota is involved. This indicates that South Dakota receives these winches and capstans from international suppliers.
Regarding the exporting of products under HS Code 84253101 from the United States, the state of Minnesota is involved. This suggests that Minnesota is a major exporter of winches and capstans powered by electric motors.
the HS Code 84253101 represents winches and capstans powered by electric motors. These devices are essential in various industries and are traded internationally. Understanding the details of this HS code, such as the duty rates and special tariff preference programs, is crucial for businesses involved in the import and export of these products.