HS Code 84559040: Parts for Metal-Rolling Mills
- Product description: Parts for metal-rolling mills, other than rolls, in the form of castings or weldments, individually weighing less than 90 tons
- Bound / MFN duty rate: Free - 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
- Quantity unit: Kilograms (KG)
Metal-rolling mills play a crucial role in various industries, including manufacturing, construction, and automotive. These mills are responsible for shaping and transforming metal into different forms, such as sheets, plates, and bars. However, to ensure the smooth operation of these mills, various parts are required. HS Code 84559040 specifically refers to the parts used in metal-rolling mills, excluding rolls, that are in the form of castings or weldments and individually weigh less than 90 tons.
Parts classified under HS Code 84559040 are essential components that enable metal-rolling mills to function efficiently. These parts can include but are not limited to gears, bearings, shafts, housings, spindles, and other mechanical components. They are designed to withstand the rigorous demands of the metal-rolling process, ensuring precision, durability, and consistent results.
One notable aspect of HS Code 84559040 is the bound or most-favored-nation (MFN) duty rate. The duty rate for this particular HS code is free. This means that countries do not impose any import duties or taxes when these parts are brought into their respective markets. This favorable duty treatment encourages the smooth flow of trade and promotes the accessibility of these essential parts to manufacturing industries worldwide.
Furthermore, the principle of MFN treatment dictates that whenever a country lowers a trade barrier or opens up its market for certain goods or services, it must do so for all its trading partners. This ensures that there is no discrimination and equal treatment is given to all countries, fostering fair and transparent trade practices.
When importing parts classified under HS Code 84559040, the quantity unit used is kilograms (KG). This unit of measurement helps in accurately determining the weight of the parts being imported or exported. Properly measuring the weight of these parts is crucial for logistical purposes, such as calculating shipping costs and ensuring compliance with weight restrictions during transportation.
In addition to the general provisions for HS Code 84559040, there may be special tariff preference programs available for certain countries or regions. These programs aim to facilitate trade and provide additional benefits to eligible participants. Examples of such programs include free trade agreements (FTAs), preferential trade agreements (PTAs), and regional trade blocs. It is important for importers and exporters to familiarize themselves with these programs and understand the specific requirements and benefits associated with them.
HS Code 84559040 pertains to the parts used in metal-rolling mills, excluding rolls, that are in the form of castings or weldments and individually weigh less than 90 tons. These parts are crucial for the efficient operation of metal-rolling mills and enable the transformation of metal into various forms. The duty rate for this HS code is free, promoting the accessibility and affordability of these parts in international trade. Importers and exporters should also be aware of special tariff preference programs that may provide additional benefits for eligible participants.
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