The HS Code 84581900 refers to horizontal lathes (including turning centers) used for removing metal, excluding numerically controlled lathes. In this article, we will explore the product description, special tariff preference programs, and importing/exporting states related to this HS code.
Horizontal lathes are machinery tools used for the machining process of metal removal. They are designed to rotate a workpiece around a horizontal axis while a cutting tool is used to shape the material. These lathes are suitable for a wide range of applications, including turning, facing, drilling, and threading.
However, it's important to note that the HS Code 84581900 specifically excludes numerically controlled (CNC) lathes. CNC lathes are automated and controlled by computer programs, allowing for precise and efficient metalworking operations.
The bound or most-favored-nation (MFN) duty rate for HS Code 84581900 is 4.4%. This means that every time a country reduces trade barriers or opens up its market, it must apply the same duty rate to the same goods or services from all of its trading partners.
This duty rate is subject to change, and it is essential for importers and exporters to stay updated with the latest trade regulations and agreements in order to calculate the applicable duties and taxes accurately.
Several special tariff preference programs are available for products classified under HS Code 84581900. These programs offer reduced or duty-free treatment for eligible countries. Here are some of the programs and the countries that can benefit from them:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and other countries. Importers and exporters should familiarize themselves with the specific requirements and eligibility criteria associated with each program to take full advantage of the benefits they offer.
While HS Code 84581900 is applicable for imports and exports throughout the United States, it is worth mentioning the state of New Hampshire for its relevance in this context. New Hampshire has a diverse manufacturing industry, which includes the production and utilization of horizontal lathes for metalworking operations.
Due to its strategic location, skilled workforce, and supportive business environment, New Hampshire attracts manufacturers and exporters involved in the metalworking sector. The import and export of horizontal lathes and related machinery contribute to the state's economic growth and development.
However, it's important to note that HS Code 84581900 is not limited to New Hampshire but applies to all importing and exporting states in the United States.
The HS Code 84581900 encompasses horizontal lathes used for removing metal, excluding numerically controlled lathes. Importers and exporters dealing with these machinery tools should be aware of the product description, bound/MFN duty rate, special tariff preference programs, and relevant importing/exporting states.
By understanding the implications of the HS code and its associated regulations and programs, businesses can effectively navigate the international trade landscape and optimize their operations while capitalizing on the benefits offered by special tariff preference programs.