The HS Code 84295950 refers to self-propelled machinery that does not have a 360 degree revolving superstructure. This code specifically excludes backhoes, shovels, clamshells, and draglines. It is important to understand the details and implications of this code, especially for importers and exporters dealing with this type of machinery.
When importing or exporting goods, it is crucial to be aware of the HS codes assigned to each product. HS codes are standardized international codes that classify products for customs and trade purposes. They help ensure consistency and facilitate trade between countries.
The product description for HS Code 84295950 specifies that it covers self-propelled machinery without a 360 degree revolving superstructure. This means that the machinery in question is capable of moving on its own power but does not have the ability to rotate fully in a circular motion.
It is important to note that this code specifically excludes backhoes, shovels, clamshells, and draglines. These types of machinery have their own separate HS codes. Therefore, if you are dealing with backhoes, shovels, clamshells, or draglines, you need to refer to the appropriate HS codes for those specific products.
The bound or MFN (Most Favored Nation) duty rate for HS Code 84295950 is free. This means that there are no additional duties or tariffs imposed on this type of machinery when importing or exporting. However, it is always advisable to check the latest customs regulations and tariff schedules of the importing and exporting countries to ensure compliance.
Quantity units for HS Code 84295950 are measured in numbers (NO). This indicates that the quantity of self-propelled machinery being imported or exported is counted in individual units.
Special tariff preference programs may also apply to self-propelled machinery under HS Code 84295950. These programs provide certain benefits and concessions to eligible importers or exporters. It is recommended to research and consult with trade experts or relevant authorities to determine if any special tariff preference programs can be availed for this product.
Based on the available data, the following US states are known to import self-propelled machinery under HS Code 84295950: Arizona, Maine, North Dakota, Georgia, Kansas, Iowa, Maryland, and Pennsylvania. These states have shown a consistent demand for this type of machinery, indicating potential market opportunities for manufacturers and exporters.
On the other hand, the exporting US states for self-propelled machinery under HS Code 84295950 include South Dakota, Arkansas, Illinois, Iowa, Kansas, North Carolina, North Dakota, Wisconsin. These states have been actively involved in exporting this machinery, highlighting their production capabilities and potential as suppliers in the global market.
HS Code 84295950 covers self-propelled machinery without a 360 degree revolving superstructure, excluding backhoes, shovels, clamshells, and draglines. Importers and exporters need to be aware of this code and its implications for customs and trade purposes. Understanding the HS code and its associated details is essential for smooth and compliant international trade operations.