HS Code 84471210 - Circular Knitting Machines for Knitting Hosiery
Circular knitting machines with a cylinder diameter exceeding 165 mm are classified under HS Code 84471210. These machines are specifically designed for knitting hosiery products such as socks, stockings, and tights. The HS code is an internationally recognized standard for classifying traded goods, facilitating the smooth flow of international trade.
When importing or exporting circular knitting machines with this HS code, it is important to be aware of the regulations and duty rates associated with the product. Let's explore some key information related to HS Code 84471210.
Product Description:
Circular knitting machines with a cylinder diameter exceeding 165 mm are used for knitting hosiery products. The cylinder diameter refers to the size of the main knitting component that creates the circular motion necessary for knitting. These machines are widely used in the textile industry for efficient and high-quality production of hosiery items.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for circular knitting machines with HS Code 84471210 is free. This means that no duty is levied when importing these machines from any country. The principle behind this duty rate is that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
Quantity Unit:
The quantity unit for circular knitting machines with HS Code 84471210 is a number (NO). This unit indicates the number of machines being imported or exported.
Special Tariff Preference Programs:
Various special tariff preference programs provide additional benefits to certain countries when importing circular knitting machines with HS Code 84471210. The following countries enjoy special tariff rates or duty-free treatment:
- Australia (Special Rate)
- Bahrain (Special Rate)
- Canada (NAFTA - duty-free treatment)
- Chile (Special Rate)
- Caribbean Basin Initiative (CBI)
- Israel (Special Rate - duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan (Special Rate)
- Morocco (Special Rate)
- Mexico (NAFTA - duty-free treatment)
- Oman (Special Rate)
- Dominican Republic-Central American (DR-CAFTA)
- Peru (Special Rate)
- Singapore (Special Rate)
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing preferential treatment in terms of duty rates or duty-free access to certain goods.
Importing US States:
When it comes to importing circular knitting machines with HS Code 84471210, the following US states are involved:
- California
- Kentucky
- Mississippi
- New Hampshire
- New Jersey
- Tennessee
- Virginia
These states play a significant role in the importation of circular knitting machines for knitting hosiery.
Exporting US States:
On the other hand, the following US states are involved in exporting circular knitting machines with HS Code 84471210:
- Colorado
- New Hampshire
- Virginia
These states contribute to the exportation of circular knitting machines, further facilitating global trade in hosiery manufacturing equipment.
HS Code 84471210 represents circular knitting machines with a cylinder diameter exceeding 165 mm, specifically used for knitting hosiery products. Understanding the product description, duty rates, special tariff preference programs, and the involvement of specific US states in importing and exporting these machines is crucial for businesses engaged in the textile industry. By adhering to the regulations and taking advantage of the available benefits, companies can optimize their trade operations and contribute to the growth of the global hosiery market.
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