When it comes to the international trade of machinery used for making or repairing articles of hides, skins, or leather, HS Code 84538000 plays a crucial role. This HS code is used to classify and identify specific types of machinery that are involved in the production or repair processes within the leather industry.
HS Code 84538000 falls under Chapter 84 of the Harmonized System (HS), which deals with machinery and mechanical appliances. It specifically pertains to machinery that is not elsewhere specified or included, but is designed for making or repairing articles of hides, skins, or leather.
Now, let's dig deeper into the details and implications of HS Code 84538000:
The product description covered by HS Code 84538000 refers to machinery that is used in the manufacturing or repairing of articles made from hides, skins, or leather. This can include a wide range of equipment such as cutting machines, stitching machines, embossing machines, and other specialized tools necessary for the leather industry.
The bound / MFN (Most Favored Nation) duty rate for HS Code 84538000 is free. This means that whenever a country lowers a trade barrier or opens up its market, it must apply the same duty rate of zero to machinery falling under this HS code from all its trading partners. This promotes fair and equal trade practices among countries.
The quantity unit for HS Code 84538000 is typically measured in numbers (NO). This unit indicates the number of machinery units being imported or exported.
Several special tariff preference programs offer duty-free treatment for machinery classified under HS Code 84538000. These programs aim to facilitate trade and provide economic benefits to certain countries. The following countries and programs provide special rates or duty-free treatment:
These special tariff preference programs provide various benefits to eligible countries, such as reduced or eliminated import duties, which can significantly impact the cost of importing or exporting machinery under HS Code 84538000.
As HS Code 84538000 is relevant to international trade, it is essential to consider the importing and exporting US states involved in the transactions. The specific states may vary depending on the demand and supply dynamics of the leather industry. However, some of the major importing and exporting US states for machinery under HS Code 84538000 include:
Importing US States:These states play a significant role in the import and export of machinery classified under HS Code 84538000, contributing to the overall growth and development of the leather industry.
HS Code 84538000 is a vital classification for machinery used in the production or repair of articles made from hides, skins, or leather. Understanding the details and implications of this HS code is crucial for international traders, manufacturers, and businesses involved in the leather industry.