HS Code 84472040
Warp knitting machines are the focus of HS Code 84472040. This code is used to classify and identify these specific types of machines used in the textile industry. In this article, we will explore the product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states associated with this HS code.
Product Description: Warp knitting machines are essential tools in the textile industry. They are used to create knitted fabrics by interlocking loops of yarn in a lengthwise direction. These machines are known for their efficiency and ability to produce fabrics with intricate patterns.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 84472040 is free. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal trade practices.
Quantity Unit: The quantity unit for this HS code is measured in numbers (NO). This indicates that the quantity of warp knitting machines is counted individually.
Special Tariff Preference Programs: Several countries have special tariff preference programs for HS Code 84472040. These programs offer preferential duty rates or duty-free treatment for the import of these machines. Some of the programs applicable to this HS code include:
- Generalized System of Preferences (GSP): Provides duty-free treatment
- Australia Special Rate: Offers a special rate for imports from Australia
- Bahrain Special Rate: Provides a special rate for imports from Bahrain
- NAFTA for Canada: Grants duty-free treatment for imports from Canada
- Chile Special Rate: Offers a special rate for imports from Chile
- Caribbean Basin Initiative (CBI): Provides duty-free treatment
- Israel Special Rate: Grants duty-free treatment for imports from Israel
- Andean Trade Preference Act (ATPA): Offers a special rate for imports from countries in the Andean region
- Jordan Special Rate: Provides a special rate for imports from Jordan
- Morocco Special Rate: Offers a special rate for imports from Morocco
- NAFTA for Mexico: Grants duty-free treatment for imports from Mexico
- Oman Special Rate: Provides a special rate for imports from Oman
- Dominican Republic-Central American Special Rate (DR-CAFTA): Offers a special rate for imports from countries in the DR-CAFTA region
- Peru Special Rate: Provides a special rate for imports from Peru
- Singapore Special Rate: Offers a special rate for imports from Singapore
Importing US States: The following US states are known for importing warp knitting machines under HS Code 84472040:
- California
- Kentucky
- Mississippi
- New Hampshire
- New Jersey
- Tennessee
- Virginia
- California
- Kentucky
- Mississippi
- New Hampshire
- New Jersey
- Tennessee
- Virginia
Exporting US States: On the other hand, the following US states are known for exporting warp knitting machines under HS Code 84472040:
- Colorado
- New Hampshire
- Virginia
- Colorado
- New Hampshire
- Virginia
HS Code 84472040 represents warp knitting machines used in the textile industry. Understanding this code is essential for importers and exporters involved in the trade of these machines. The duty rates, special tariff preference programs, and knowledge of the importing and exporting US states associated with this HS code can help businesses make informed decisions and navigate international trade successfully.
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