Hydraulic jacks and hoists play a crucial role in various industries, providing efficient lifting and moving solutions for heavy objects. These hydraulic devices are classified under HS Code 84254200. This article will explore the details of this HS code, including its product description, duty rates, quantity units, special tariff preference programs, and the states involved in importing and exporting.
The HS Code 84254200 refers to hydraulic jacks and hoists, nesi. "Nesi" stands for "not elsewhere specified or included," indicating that this code covers hydraulic jacks and hoists that are not specifically classified under other HS codes.
The bound or MFN (Most Favored Nation) duty rate for HS Code 84254200 is free. This means that no duty is imposed when importing hydraulic jacks and hoists under this code. It is important to note that 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.
The quantity unit associated with HS Code 84254200 is a number (NO). This unit indicates that the quantity of hydraulic jacks and hoists is measured in numbers or units.
Under various special tariff preference programs, certain countries enjoy duty-free treatment when importing hydraulic jacks and hoists classified under HS Code 84254200. The following countries are eligible for special rates:
When it comes to the United States, the state of South Dakota is involved in importing hydraulic jacks and hoists under HS Code 84254200. On the other hand, the state of Minnesota engages in exporting these products. Both South Dakota and Minnesota benefit from the efficient lifting and moving solutions provided by hydraulic jacks and hoists.
HS Code 84254200 encompasses hydraulic jacks and hoists that are not classified elsewhere. Importing these products under this code attracts a duty-free treatment, which promotes international trade. Additionally, certain countries enjoy special tariff preference programs, further facilitating the import of hydraulic jacks and hoists. The states of South Dakota and Minnesota play significant roles in the import and export of these essential lifting devices.