Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 84592900: A Comprehensive Guide to Drilling Machines

Drilling machines play a crucial role in various industries, from construction and manufacturing to mining and oil exploration. HS Code 84592900 refers to drilling machines that are not numerically controlled and fall under the category of "nesi" (not elsewhere specified or included). In this article, we will explore the features, uses, and tariff rates associated with this HS code.

Product Description

The product description for HS Code 84592900 is "Drilling machines, other than numerically controlled, nesi." This code encompasses a wide range of drilling machines that are manually operated or controlled through conventional means rather than advanced computer systems.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 84592900 is 4.2%. The MFN principle ensures that when 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. This duty rate applies uniformly to drilling machines falling under this HS code.

Quantity Unit

The quantity unit for HS Code 84592900 is a number (NO). This unit indicates that the quantity of drilling machines imported or exported is measured in the number of individual units.

Special Tariff Preference Programs

Several special tariff preference programs are applicable to drilling machines classified under HS Code 84592900. These programs provide certain countries with preferential treatment and may exempt them from paying duties. Here are some notable programs:

• Generalized System of Preferences (GSP) - Provides duty-free treatment for eligible countries.
• Australia Special Rate - Grants preferential treatment to Australia.
• Bahrain Special Rate - Grants preferential treatment to Bahrain.
• NAFTA for Canada - Allows duty-free treatment for drilling machines imported/exported between Canada and the United States.
• Chile Special Rate - Grants preferential treatment to Chile.
• Caribbean Basin Initiative (CBI) - Provides duty-free treatment for eligible countries in the Caribbean region.
• Israel Special Rate - Grants duty-free treatment to Israel.
• Andean Trade Preference Act (ATPA) - Provides duty-free treatment for eligible countries in the Andean region.
• Jordan Special Rate - Grants preferential treatment to Jordan.
• Morocco Special Rate - Grants preferential treatment to Morocco.
• NAFTA for Mexico - Allows duty-free treatment for drilling machines imported/exported between Mexico and the United States.
• Oman Special Rate - Grants preferential treatment to Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Provides duty-free treatment for eligible countries in the DR-CAFTA region.
• Peru Special Rate - Grants preferential treatment to Peru.
• Singapore Special Rate - Grants preferential treatment to Singapore.

Importing and Exporting US States

HS Code 84592900 applies to drilling machines being imported or exported to and from various US states. One of the states involved in the trade of these machines is New Hampshire. However, it is important to note that this HS code is not limited to New Hampshire and covers all states across the United States.

Drilling machines classified under HS Code 84592900 are versatile tools used in a wide range of industries. Understanding the features, tariff rates, and special tariff preference programs associated with this HS code is essential for importers, exporters, and businesses involved in the trade of drilling machines.