HS Code 84272040 refers to self-propelled works trucks that are not powered by an electric motor. Specifically, it encompasses rider type forklift trucks. These trucks are commonly used in various industries for the movement and transportation of heavy materials and goods within warehouses, factories, construction sites, and other similar environments.
When it comes to international trade, the HS Code plays a crucial role in identifying and categorizing different products for customs and tariff purposes. It is a standardized system used worldwide for classifying traded goods. The HS Code 84272040 specifically allows authorities to accurately identify and track the import and export of self-propelled works trucks not powered by an electric motor.
The Bound / MFN (Most Favored Nation) duty rate for HS Code 84272040 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. In other words, countries with this HS Code enjoy duty-free trade when importing or exporting self-propelled works trucks of this nature.
The quantity unit for HS Code 84272040 is number (NO). This unit indicates that the quantity of self-propelled works trucks being imported or exported is measured in numbers or individual units. It provides a standardized way of quantifying the trade volume of these trucks.
Special tariff preference programs are trade agreements or arrangements between countries that provide certain benefits or advantages in terms of reduced tariffs or exemptions for specific goods. These programs aim to promote trade and economic cooperation between participating nations. For HS Code 84272040, there may be special tariff preference programs in place that offer additional trade benefits for the import or export of self-propelled works trucks.
When it comes to importing self-propelled works trucks under HS Code 84272040, the following US state is known to be involved:
Georgia, located in the southeastern United States, is known for its diverse economy and strong presence in industries such as logistics, manufacturing, and transportation. The importation of self-propelled works trucks in Georgia likely contributes to the state's industrial activities and supports its overall economic growth.
When it comes to exporting self-propelled works trucks under HS Code 84272040, the following US states are known to be involved:
Pennsylvania and Washington are both significant players in the US economy, each with their own unique industrial sectors. The exportation of self-propelled works trucks from these states suggests their active participation in manufacturing and trade activities related to this HS Code. It also indicates their ability to meet the demand for these trucks in international markets.
HS Code 84272040 represents self-propelled works trucks not powered by an electric motor, specifically rider type forklift trucks. Understanding the HS Code and its associated information is crucial for importers, exporters, and authorities involved in international trade. The Bound / MFN duty rate, quantity unit, special tariff preference programs, and the involvement of specific US states in importing and exporting further contribute to the comprehensive understanding of this HS Code.