Household- or laundry-type washing machines are an essential part of our daily lives, helping us to keep our clothes clean and fresh. These machines have become increasingly advanced over the years, offering various features and functions to make laundry tasks easier and more efficient. One specific category of washing machines is classified under HS Code 84501200. Let's explore this HS code in detail and understand its significance in international trade.
HS Code 84501200 refers to household- or laundry-type washing machines, each with a dry linen capacity not exceeding 10 kg, and equipped with built-in centrifugal driers. This code helps customs authorities classify and track the import and export of these specific types of washing machines.
When it comes to international trade, the HS code plays a vital role in determining the tariffs and duties applicable to a particular product. In the case of HS Code 84501200, the bound or most-favored-nation (MFN) duty rate is 2.6%. 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, including household- or laundry-type washing machines falling under this HS code.
The quantity unit for HS Code 84501200 is a number (NO), which indicates the number of washing machines being imported or exported. This unit helps in accurately measuring and tracking the quantity of these machines involved in international trade.
Several special tariff preference programs are available for countries importing or exporting washing machines under HS Code 84501200. These programs provide certain advantages, such as reduced or duty-free treatment, to promote trade and economic cooperation between nations. Some of the notable special tariff preference programs for this HS code include:
These special tariff preference programs aim to facilitate trade, promote economic growth, and strengthen bilateral and multilateral relationships between countries involved in the import and export of household- or laundry-type washing machines.
In the United States, various states are involved in the import and export of washing machines falling under HS Code 84501200. Some of the notable importing states include California, Texas, New York, Florida, and Illinois. On the other hand, exporting states may include states with manufacturing facilities or distribution centers for washing machines, such as California, Ohio, South Carolina, Tennessee, and Michigan.
HS Code 84501200 plays a crucial role in international trade, ensuring proper classification, tracking, and regulation of household- or laundry-type washing machines. Understanding the significance of this HS code helps businesses, customs authorities, and consumers navigate the complexities of global trade and enjoy the benefits of efficient and cost-effective import and export processes.