When it comes to lifting heavy vehicles and machinery, jacks and hoists play a crucial role. These devices are specifically designed for raising vehicles, and they come in different types and models. In this article, we will explore the HS Code 84254900, which refers to jacks and hoists of a kind used for raising vehicles, other than hydraulic, nesi.
The HS Code 84254900 is an internationally recognized code that classifies and categorizes products for import and export purposes. It helps customs authorities and traders identify the specific type of goods being imported or exported. In the case of jacks and hoists for raising vehicles, this HS Code ensures proper classification and smooth trade transactions.
Importing and exporting goods under the HS Code 84254900 may have various implications, including customs duties and special tariff programs. Let's take a closer look at the details:
The bound or most-favored-nation (MFN) duty rate refers to the rate at which customs duties are levied on imported goods. For the HS Code 84254900, the bound duty rate is free. This means that when a country lowers a trade barrier or opens up a market, it must provide the same duty-free treatment for jacks and hoists for raising vehicles from all its trading partners.
The quantity unit for the HS Code 84254900 is "number" (NO). This unit signifies that the products are measured and traded based on the number of jacks or hoists being imported or exported.
Several special tariff preference programs are available for jacks and hoists for raising vehicles under the HS Code 84254900. These programs offer preferential treatment in terms of duty rates for specific countries. Here are some of the programs applicable to this HS Code:
When it comes to importing jacks and hoists for raising vehicles under the HS Code 84254900, one of the US states involved is South Dakota. This state plays a role in the importation process and ensures compliance with customs regulations.
On the other hand, Minnesota is an exporting US state for jacks and hoists for raising vehicles. It is involved in the production and supply of these products to both domestic and international markets.
the HS Code 84254900 pertains to jacks and hoists used for raising vehicles, other than hydraulic, nesi. It helps in the proper classification and trade of these products globally. Understanding the details, including the duty rates and special tariff programs, is essential for traders and importers/exporters involved in this industry.