When it comes to international trade, understanding the HS code system is crucial. HS codes, also known as Harmonized System codes, are used to classify products for customs purposes. In this article, we will delve into the details of HS code 84253901, which pertains to winches and capstans that are not powered by an electric motor.
Product Description:
HS code 84253901 refers to winches and capstans that do not rely on an electric motor for power. These devices are commonly used in various industries for lifting, pulling, and moving heavy loads. They are manually operated, providing a cost-effective and versatile solution for many applications.
Bound / MFN Duty Rate:
Under the bound / MFN (Most Favored Nation) duty rate, countries are required to lower trade barriers and open up their markets for the same goods or services from all trading partners. In the case of HS code 84253901, the bound / MFN duty rate is free. This means that no import duties are imposed on these winches and capstans.
Quantity Unit:
The quantity unit for HS code 84253901 is expressed in numbers (NO), indicating the number of winches or capstans being imported or exported.
Special Tariff Preference Programs:
Several special tariff preference programs offer concessions or duty-free treatment for imports of winches and capstans under HS code 84253901. These programs include:
Importing US States:
While the specific importing US states for HS code 84253901 are not provided in the data, it is worth mentioning that South Dakota is one of the states involved in the importation of these winches and capstans.
Exporting US States:
According to the data, the exporting US state for HS code 84253901 is Minnesota. Minnesota is recognized as a significant exporter of these manually operated winches and capstans.
HS code 84253901 covers winches and capstans that are not powered by an electric motor. These devices play a vital role in various industries and are subject to special tariff preference programs that offer duty-free treatment for imports. Understanding the HS code system and its associated information is essential for facilitating international trade and ensuring compliance with customs regulations.