When it comes to the import and export of derricks, cranes, and other self-propelled lifting machinery on tires, HS Code 84264100 plays a crucial role. This code helps in identifying and categorizing these specific types of machinery for trade purposes.
The product description associated with HS Code 84264100 is "Derricks, cranes, and other lifting machinery nesi, self-propelled, on tires." This clearly outlines the nature of the goods in question, providing clarity for both importers and exporters.
It is important to note that the Bound / MFN duty rate for this HS Code is free. This means 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. This ensures fair and equal treatment for all parties involved in international trade.
The quantity unit for this HS Code is measured in numbers (NO). This unit helps in determining the quantity of derricks, cranes, and other lifting machinery being imported or exported.
Furthermore, there are special tariff preference programs associated with HS Code 84264100. These programs provide additional benefits and exemptions for specific countries. The following countries enjoy special tariff rates:
These special rates aim to promote trade and economic cooperation between countries, fostering mutually beneficial relationships.
When it comes to importing, South Dakota is one of the US states involved in trade related to HS Code 84264100. On the other hand, Minnesota is both an importing and exporting state for this HS Code.
HS Code 84264100 serves as a vital tool for international trade, facilitating the smooth movement of derricks, cranes, and other self-propelled lifting machinery on tires. Its classification, duty rates, and special tariff programs ensure fair treatment and encourage global commerce.