V-bed flat knitting machines, nesi, falling under HS Code 84472030, are specialized machines used in the textile industry for knitting fabrics. This article provides an extensive overview of the product, its classification under the Harmonized System (HS) code, and relevant information regarding duty rates and special tariff preference programs.
V-bed flat knitting machines are knitting machines with a V-shaped needle bed, allowing for the production of various knitted fabrics. These machines are designed to knit fabrics in a flat, rectangular shape, making them ideal for producing garments like sweaters, scarves, and blankets.
The HS code 84472030 is used to classify V-bed flat knitting machines under the Harmonized System, a standardized international system for classifying traded products. This specific HS code is assigned to knitting machines that fall under the category of "nesi," which stands for "not elsewhere specified or included."
The bound or most-favored-nation (MFN) duty rate for HS Code 84472030 is 2.6%. The MFN duty rate refers to the rate imposed on imported goods when a country lowers a trade barrier or opens up a market. It is a uniform rate applied to all trading partners for the same goods or services.
Several special tariff preference programs provide duty-free treatment for V-bed flat knitting machines (HS Code 84472030) imported from specific countries. These programs include:
The following US states are known for importing V-bed flat knitting machines (HS Code 84472030):
The following US states are known for exporting V-bed flat knitting machines (HS Code 84472030):
HS Code 84472030 represents V-bed flat knitting machines used in the textile industry. This article provides a comprehensive overview of the product, its classification under the HS code, duty rates, and special tariff preference programs. Understanding the HS code and associated information is essential for importers, exporters, and industry professionals involved in the trade of V-bed flat knitting machines.