The HS Code 84519090 is a specific code used to classify and identify parts of machines that are used for handling textile yarns, fabrics, or made-up textile articles. This code is part of the Harmonized System (HS) that is used globally to categorize and standardize international trade products.
When it comes to international trade, it is essential to have a clear and standardized system for classifying products. The HS Code provides this standardization, allowing countries to easily identify and classify goods for customs purposes. It ensures that all countries use the same criteria to determine the classification, duty rates, and other trade-related measures.
The product description for HS Code 84519090 specifies that it includes parts of machines used for handling textile materials. These machines play a crucial role in the textile industry, enabling the efficient handling and processing of yarns, fabrics, and made-up textile articles.
The bound / MFN duty rate for HS Code 84519090 is 3.5%. The Most Favored Nation (MFN) principle ensures that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate applies consistently to all countries when importing or exporting parts of machines for textile handling.
The quantity unit for HS Code 84519090 is "no units collected (X)." This indicates that the quantity of the imported or exported goods is not measured in a specific unit. It could be based on weight, volume, or any other relevant measurement, depending on the specific circumstances.
There are also special tariff preference programs associated with HS Code 84519090. These programs provide certain countries with preferential treatment, including duty-free or reduced-duty rates. The countries eligible for these special tariff preferences are:
These special tariff preference programs are aimed at promoting trade and economic cooperation between the participating countries. They provide incentives for businesses to engage in cross-border trade by reducing or eliminating import duties.
When importing or exporting goods classified under HS Code 84519090, it is important to consider the specific regulations and requirements of the importing and exporting countries. Compliance with customs procedures, documentation, and any applicable certifications or standards is crucial to ensure smooth and efficient cross-border trade.
HS Code 84519090 represents parts of machines used for the handling of textile yarns, fabrics, or made-up textile articles. It is an essential code for international trade, providing standardization, duty rates, and special tariff preferences for this specific product category. Understanding and complying with the regulations associated with this HS Code is crucial for businesses engaged in the textile industry and international trade.