Furniture, bases, and covers for sewing machines, as well as parts thereof, fall under the HS Code 84524000. This code is used to classify and identify these specific goods for international trade and customs purposes. Understanding the HS code is crucial for importers, exporters, and government agencies as it helps in determining the applicable duties, regulations, and trade preferences associated with the product.
The product description for HS Code 84524000 is clear and concise: it includes furniture, bases, and covers specifically designed for sewing machines, along with any corresponding parts. This code covers a wide range of products that are essential for the functioning and protection of sewing machines.
When it comes to trade barriers and market access, the bound or most-favored-nation (MFN) duty rate for HS Code 84524000 is 2.5%. This means that countries must apply this duty rate uniformly to imports of furniture, bases, and covers for sewing machines from all their trading partners. The MFN principle ensures that no country is given preferential treatment over others, promoting fair and non-discriminatory trade practices.
In terms of quantity units, no units are collected for HS Code 84524000. The "X" notation indicates that no specific measurement or unit is applicable for this particular product. This could be due to the nature of the goods or the fact that they are not measured or sold in standard units.
Several special tariff preference programs are available for imports of products falling under HS Code 84524000. These programs provide preferential treatment or duty-free access to specific countries or regions. The following countries and programs offer special rates or duty-free treatment:
These special tariff preference programs enable eligible countries to import furniture, bases, and covers for sewing machines under reduced or zero duty rates, promoting trade and economic cooperation between nations.
In terms of importing and exporting, HS Code 84524000 applies to all US states for both import and export transactions. This code is used by customs authorities in the US to classify and monitor the trade of furniture, bases, and covers for sewing machines, ensuring compliance with relevant regulations and duties.
Understanding and correctly applying HS Code 84524000 is essential for businesses involved in the import and export of furniture, bases, and covers for sewing machines. By familiarizing themselves with the product description, duty rates, and special tariff preference programs, companies can effectively navigate international trade regulations and take advantage of available trade benefits.