HS Code 84472020 refers to V-bed flat knitting machines that are power-driven and have a width of over 50.8 mm. These machines are used in the textile industry for knitting various types of fabrics and garments.
When importing or exporting goods, it is essential to understand the HS code as it helps in identifying the specific product and its associated regulations and trade policies. The HS code is a standardized system used globally for classifying goods.
The bound or MFN (Most Favored Nation) duty rate for HS code 84472020 is free. This means that no duty or tariff is imposed on the import or export of these knitting machines. The free duty rate is applicable when a country lowers trade barriers or opens up its market to all its trading partners for the same goods or services.
The quantity unit for HS code 84472020 is "number" (NO). This indicates that the quantity of V-bed flat knitting machines is measured in the number of units.
There are several special tariff preference programs associated with HS code 84472020. These programs provide specific trade benefits and preferences to certain countries. The following countries enjoy free trade privileges for this HS code:
When importing V-bed flat knitting machines into the United States, the following states are major importers:
On the other hand, the major exporting states of V-bed flat knitting machines from the United States are:
Understanding the HS code and its associated information is crucial for importers, exporters, and customs officials to ensure compliance with trade regulations and take advantage of any available trade preferences or benefits.