The HS Code 84589110 refers to vertical turret lathes, including turning centers, which are used for removing metal. These machines are numerically controlled, meaning they are operated using computer programming to accurately control the cutting and shaping of metal workpieces.
Vertical turret lathes are commonly used in manufacturing and metalworking industries. They are designed to efficiently machine large workpieces with high precision. The vertical orientation allows for easy access to the workpiece, while the turret design enables the machine to perform multiple machining operations without the need for manual intervention.
These machines are equipped with a rotating spindle and a tool turret that holds various cutting tools. The spindle rotates the workpiece, while the tool turret can be indexed to position the desired tool for cutting, drilling, or shaping the metal. The numerically controlled system ensures accurate and repeatable machining processes, resulting in high-quality finished products.
When it comes to international trade, the HS Code plays a crucial role in identifying and classifying products. The HS Code 84589110 specifically categorizes vertical turret lathes for metal removal. This code allows customs officials and trade authorities to accurately track and monitor the import and export of these machines.
Importers and exporters need to be aware of the duty rates associated with HS Code 84589110. The bound or most favored nation (MFN) duty rate for this code is 4.2%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
In addition to the duty rate, there are special tariff preference programs available for vertical turret lathes under HS Code 84589110. These programs provide certain countries with preferential treatment or duty-free access to the US market. The following countries benefit from special tariff rates for this HS Code:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and these countries by reducing or eliminating import duties on specified goods, including vertical turret lathes.
When importing vertical turret lathes under HS Code 84589110 into the United States, it is important to consider the specific regulations and requirements of the importing and exporting states. In the case of HS Code 84589110, no specific information regarding importing or exporting US states is provided in the available data.
Overall, the HS Code 84589110 identifies and classifies vertical turret lathes used for metal removal. These machines are numerically controlled and play a significant role in the manufacturing and metalworking industries. Importers and exporters should be aware of the associated duty rates and special tariff preference programs to facilitate smooth international trade.