Machines play a crucial role in the textile industry, enabling the efficient production and processing of various textile fabrics. HS Code 84515000 specifically refers to machines used for reeling, unreeling, folding, cutting, or pinking textile fabrics. This article will provide a comprehensive overview of the HS code and highlight its significance in international trade.
Product Description:
The HS code 84515000 covers a wide range of machinery used in the textile industry. These machines are designed to perform specific tasks such as reeling, unreeling, folding, cutting, or pinking textile fabrics. Reeling machines are used to wind textile yarn onto spools or bobbins, while unreeling machines are used to unwind the yarn from these spools. Folding machines are employed to fold textile fabrics into desired shapes or sizes, and cutting machines are used to cut fabrics into specific lengths or patterns. Lastly, pinking machines create decorative or functional edges on fabrics.
Bound / MFN Duty Rate:
The bound or Most Favored Nation (MFN) duty rate for HS code 84515000 is free. This means that countries must eliminate any trade barriers or tariffs on the importation of these machines. When a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This encourages fair and equal treatment of all countries in international trade.
Quantity Unit:
The quantity unit for HS code 84515000 is the number (NO). This means that the quantity of machines being imported or exported is measured in numbers.
Special Tariff Preference Programs:
Several countries have special tariff preference programs in place for HS code 84515000. These programs provide preferential treatment or exemptions from duties for the importation of these machines. The following countries offer special rates or duty-free treatment:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods.
Importing and Exporting US States:
HS code 84515000 applies to both the importing and exporting of machines for reeling, unreeling, folding, cutting, or pinking textile fabrics in the United States. These machines are used by textile manufacturers and other industry players across various states. Some notable textile manufacturing states in the US include North Carolina, South Carolina, Georgia, and California.
HS code 84515000 plays a crucial role in facilitating international trade of machines used in the textile industry. It encompasses a wide range of machinery involved in reeling, unreeling, folding, cutting, or pinking textile fabrics. The code's duty-free status and special tariff preference programs further promote global trade and economic cooperation. Understanding HS codes and their specific applications is essential for businesses involved in international trade.