When it comes to household- or laundry-type washing machines, one component that plays a crucial role is the tub and tub assembly. These components are responsible for holding the water and clothes during the washing process. In this article, we will delve into the details of HS Code 84509020, which specifically covers tub and tub assemblies for these types of washing machines.
HS Code 84509020 is a harmonized system code used to classify and identify specific products during international trade. It helps in standardizing the classification of goods across different countries, ensuring consistency and ease of trade. The code 84509020 specifically applies to tub and tub assemblies used in household- or laundry-type washing machines.
The bound / MFN (Most Favored Nation) duty rate for this HS Code 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. This duty rate is applied to the value of the imported tubs and tub assemblies.
As for the quantity unit, no units are collected (X). This indicates that the quantity of tubs and tub assemblies imported or exported is not measured or reported in a specific unit. The focus is more on the value and classification of the goods rather than their quantity.
There are also special tariff preference programs associated with HS Code 84509020. These programs provide certain countries with preferential treatment, including duty-free access to the US market for tubs and tub assemblies. The countries included in these special tariff preference programs are:
These countries enjoy duty-free treatment for tubs and tub assemblies exported to the United States. However, it is important to note that certain countries may be excluded from the Generalized System of Preferences (GSP) eligibility for this specific HTS (Harmonized Tariff Schedule) subheading.
In addition to the special tariff preference programs, there are specific rates for certain countries. These rates are as follows:
These special rates further enhance the trade opportunities for both importing and exporting countries, promoting economic growth and cooperation.
HS Code 84509020 relates to tub and tub assemblies for household- or laundry-type washing machines. It plays a significant role in international trade by providing a standard classification system for these components. The associated duty rates and special tariff preference programs ensure fairness and facilitate trade among countries. Understanding the details of this HS Code is essential for manufacturers, importers, and exporters involved in the washing machine industry.