Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 84463050: Shuttleless Type Weaving Machines (Looms) for Weaving Fabrics

Shuttleless type weaving machines, also known as looms, are important tools in the textile industry. They are used for weaving fabrics of various widths, and the HS Code 84463050 specifically refers to shuttleless type weaving machines for weaving fabrics with a width exceeding 30 cm.

When it comes to international trade, the HS Code plays a crucial role in identifying and classifying different products. The HS Code 84463050 helps customs authorities and traders understand the nature of the goods being imported or exported.

One of the key aspects related to the HS Code is the bound or MFN (Most Favored Nation) duty rate. For HS Code 84463050, the bound duty rate is 3.7%. The MFN duty rate is applicable every time a country lowers a trade barrier or opens up a market, and it must be applied to the same goods or services from all its trading partners. This ensures fair treatment and equal opportunities for all countries involved in trade.

The quantity unit for HS Code 84463050 is the number (NO). This unit helps in determining the quantity of shuttleless type weaving machines being imported or exported.

In terms of special tariff preference programs, there are several countries and regions that offer favorable treatment for imports of HS Code 84463050. These programs include:

• Australia: Generalized System of Preferences (GSP) provides duty-free treatment
• Bahrain: Special Rate for duty-free treatment
• Canada: NAFTA (North American Free Trade Agreement) provides duty-free treatment
• Chile: Special Rate for duty-free treatment
• Caribbean Basin Initiative (CBI): Provides duty-free treatment
• Israel: Special Rate for duty-free treatment
• Andean Trade Preference Act (ATPA): Provides duty-free treatment
• Jordan: Special Rate for duty-free treatment
• Morocco: Special Rate for duty-free treatment
• Mexico: NAFTA provides duty-free treatment
• Oman: Special Rate for duty-free treatment
• Dominican Republic-Central American Special Rate (DR-CAFTA): Provides duty-free treatment
• Peru: Special Rate for duty-free treatment
• Singapore: Special Rate for duty-free treatment

Now let's take a look at the importing and exporting US states for HS Code 84463050:

Importing US States:

• California
• Kentucky
• Mississippi
• New Hampshire
• New Jersey
• Tennessee
• Virginia

Exporting US States:

• Colorado
• New Hampshire
• Virginia
• Colorado
• New Hampshire
• Virginia

As you can see, there is a demand for shuttleless type weaving machines (looms) for weaving fabrics with a width exceeding 30 cm in various US states. The importing states include California, Kentucky, Mississippi, New Hampshire, New Jersey, Tennessee, and Virginia. On the other hand, the exporting states are Colorado, New Hampshire, and Virginia.

The HS Code 84463050 plays a significant role in facilitating international trade and ensuring fair treatment for all trading partners. Understanding the details and implications of this HS Code is essential for businesses involved in the textile industry and those engaged in importing or exporting shuttleless type weaving machines.