Drilling machines play a crucial role in various industries, from construction to manufacturing. They are used to create holes of different sizes and depths in a wide range of materials. One specific type of drilling machine is the numerically controlled drilling machine, which is classified under HS Code 84592100.
HS Code 84592100 refers to drilling machines that are equipped with numerical control systems. These systems allow for precise and automated drilling operations, making them highly efficient and accurate. These machines are used in industries that require repetitive drilling tasks or need to achieve a high level of precision.
The product description for HS Code 84592100 is "Drilling machines, numerically controlled, nesi." Here, "nesi" stands for "not elsewhere specified or included," indicating that this HS code covers drilling machines that do not fall under any other specific category.
When it comes to trade barriers and market access, countries often impose tariffs or duties on imported goods. However, some special tariff preference programs exist that provide certain countries with preferential treatment. In the case of HS Code 84592100, several countries enjoy free or reduced-duty access to the market for drilling machines.
The bound or most-favored-nation (MFN) duty rate for HS Code 84592100 is 4.2%. This means that countries must apply this duty rate whenever they lower a trade barrier or open up their market for drilling machines. The purpose of the MFN principle is to ensure equal treatment for all trading partners, ensuring fair competition and promoting global trade.
In addition to the MFN duty rate, several special tariff preference programs provide free or reduced-duty access to the market for drilling machines under HS Code 84592100. These programs include:
In terms of quantity, the unit for HS Code 84592100 is "number" (NO). This unit indicates that the quantity is measured in the number of drilling machines imported or exported.
In the United States, the importing states for drilling machines under HS Code 84592100 include New Hampshire. These states have a demand for numerically controlled drilling machines and import them for various industries.
HS Code 84592100 covers numerically controlled drilling machines. These machines are equipped with numerical control systems for precise and automated drilling operations. They are essential in industries that require repetitive drilling tasks or high precision. Several special tariff preference programs provide free or reduced-duty access to the market for drilling machines, promoting international trade. New Hampshire is one of the importing states in the United States for drilling machines under this HS code.