The HS Code 84459000 refers to machinery used in the production of textile yarns, as well as machines used for preparing textile yarns to be used on other machines in the textile industry. This code is essential for international trade as it helps classify and identify goods efficiently.
When importing or exporting goods, it is crucial to have a clear understanding of the HS codes associated with the products. HS codes are used worldwide and are recognized by customs authorities to determine the appropriate duty rates, trade barriers, and tariff preference programs applicable to specific goods.
The machinery covered under HS Code 84459000 is used in the textile industry for the production and preparation of textile yarns. These machines play a crucial role in the manufacturing process, ensuring the quality and efficiency of yarn production.
The code specifically includes machinery used for producing textile yarns not elsewhere specified or included (nesi). It also covers machines used for preparing textile yarns that will be used on machines falling under headings 8446 or 8447.
The bound or Most Favored Nation (MFN) duty rate for HS Code 84459000 is 3.7%. The MFN duty rate applies to all countries and is the rate charged when a country lowers a trade barrier or opens up a market. This principle ensures that a country treats all its trading partners equally regarding goods or services.
The quantity unit for HS Code 84459000 is number (NO), which indicates that the quantity of products imported or exported is measured in the number of machinery units.
Several special tariff preference programs apply to HS Code 84459000. These programs provide preferential treatment in terms of duty rates for specific countries. The programs applicable to this HS code are as follows:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable duty rates for eligible goods.
While the specific states importing goods under HS Code 84459000 may vary, the following US states are known for their involvement in the textile industry:
These states have a significant presence in the textile industry and rely on machinery covered by HS Code 84459000 for their production processes.
The following US states are known for exporting goods under HS Code 84459000:
These states have industries that produce textile yarns or use machinery covered by HS Code 84459000 for preparing textile yarns.
HS Code 84459000 plays a vital role in international trade, specifically in the textile industry. It helps classify, identify, and regulate the import and export of machinery used for producing and preparing textile yarns. It is important for importers, exporters, and customs authorities to be familiar with this code to ensure compliance with duty rates, trade barriers, and tariff preference programs.