Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 84562050: Machine Tools Operated by Ultrasonic Processes

Machine tools operated by ultrasonic processes are a specialized type of machinery used for various applications. These tools utilize ultrasonic vibrations to perform tasks such as cutting, drilling, polishing, and welding. The HS Code 84562050 specifically refers to machine tools operated by ultrasonic processes that are not designed for working with metal.

When it comes to international trade, the HS code plays a crucial role in the classification and identification of products. It is a standardized system used by countries worldwide to facilitate the smooth movement of goods across borders. The HS code for machine tools operated by ultrasonic processes ensures that they are categorized correctly for import and export purposes.

One important aspect to consider in international trade is the bound or MFN (Most Favored Nation) duty rate. This rate, set at 2.4%, is applied every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of duties.

The quantity unit for machine tools operated by ultrasonic processes is measured in numbers (NO). This unit helps in accurately determining the quantity of these tools being imported or exported.

There are also special tariff preference programs in place for machine tools operated by ultrasonic processes. These programs provide certain countries with preferential treatment, resulting in duty-free or reduced-duty access to the market. The following countries benefit from special tariff preference programs for HS Code 84562050:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries.
• Australia Special Rate: Offers a special rate for Australia.
• Bahrain Special Rate: Provides a special rate for Bahrain.
• NAFTA for Canada: Duty-free treatment under the North American Free Trade Agreement.
• Chile Special Rate: Offers a special rate for Chile.
• Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible Caribbean countries.
• Israel Special Rate: Offers duty-free treatment for Israel.
• Andean Trade Preference Act (ATPA): Provides preferential treatment for Andean countries.
• Jordan Special Rate: Offers a special rate for Jordan.
• Morocco Special Rate: Provides a special rate for Morocco.
• NAFTA for Mexico: Duty-free treatment under the North American Free Trade Agreement.
• Oman Special Rate: Offers a special rate for Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Provides preferential treatment for participating countries.
• Peru Special Rate: Offers a special rate for Peru.
• Singapore Special Rate: Provides a special rate for Singapore.

When importing or exporting machine tools operated by ultrasonic processes, it is important to consider the specific requirements and regulations of the importing and exporting countries. Familiarizing oneself with the HS Code 84562050 and its associated duties and tariff preference programs can help ensure a smooth and compliant trade process.

HS Code 84562050 refers to machine tools operated by ultrasonic processes that are not intended for working with metal. This code facilitates the proper classification and identification of these tools for international trade. Understanding the bound duty rate, quantity unit, and special tariff preference programs associated with this HS code is essential for importers and exporters in order to navigate the global market effectively.