HS Code 84483300: Spindles, spindle flyers, spinning rings and ring travellers of machines of heading 8445 or of their auxiliary machines
Spindles, spindle flyers, spinning rings, and ring travellers are essential components of machines used in the spinning industry. These components belong to machines falling under heading 8445 or their auxiliary machines. The HS code 84483300 specifically identifies these parts and provides a standardized way to classify and track them in international trade.
The HS code system, also known as the Harmonized System, is a globally recognized classification system for products. It helps in the uniform classification of goods, facilitating international trade by standardizing customs procedures and tariff rates. Each HS code represents a specific product or group of products, allowing for easy identification and classification.
Under the HS code 84483300, the bound/MFN (Most Favored Nation) duty rate is 3.3%. This means that whenever 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. The 3.3% duty rate applies to imports of spindles, spindle flyers, spinning rings, and ring travellers under this HS code.
The quantity unit for this HS code is "no units collected (X)," indicating that no specific unit of measurement is applicable for this particular product. It implies that the quantity of these parts may vary based on the specific requirements of the machinery they are used in.
Several special tariff preference programs exist for imports under the HS code 84483300. These programs provide preferential treatment in terms of duty-free or reduced-duty importation. The countries eligible for these special tariff preferences include Australia, Bahrain, Canada (under NAFTA), Chile, European Union member states, Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and select countries under the Caribbean Basin Initiative and Andean Trade Preference Act.
In the United States, the states that import the most under the HS code 84483300 are California, Kentucky, Mississippi, New Hampshire, New Jersey, Tennessee, and Virginia. These states have a significant demand for spindles, spindle flyers, spinning rings, and ring travellers, reflecting the importance of the textile and spinning industries in these regions.
On the other hand, the exporting states within the United States for this HS code are Colorado, New Hampshire, and Virginia. These states contribute to the global supply chain by exporting these essential spinning components to meet the demand in various international markets.
The HS code 84483300 plays a crucial role in ensuring the smooth flow of international trade for spindles, spindle flyers, spinning rings, and ring travellers. By providing a standardized classification and facilitating preferential treatment, this HS code simplifies customs procedures and promotes the exchange of goods between countries.
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