Boring-milling machines are an essential tool in various industries, including manufacturing and engineering. These machines are used for precision drilling, milling, and boring operations on different materials. The HS Code 84593100 specifically refers to numerically controlled boring-milling machines that are not elsewhere specified or included.
When it comes to international trade, the HS code plays a crucial role in classifying products for customs and regulatory purposes. It helps in identifying the specific product and determining the applicable duties, tariffs, and special trade programs. In the case of HS Code 84593100, it is important to understand the various aspects related to its import and export.
Product Description:
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 84593100 is 4.2%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The MFN duty rate ensures fairness and equal treatment in international trade.
Quantity Unit:
The quantity unit for HS Code 84593100 is measured in numbers (NO). This indicates that the quantity of boring-milling machines imported or exported is measured in units.
Special Tariff Preference Programs:
There are several special tariff preference programs available for HS Code 84593100. These programs provide certain countries with preferential treatment or duty-free access to the United States market. The programs applicable to this HS code include:
Importing US States:
Boring-milling machines classified under HS Code 84593100 can be imported into various states in the United States. One of the states where these machines can be imported is New Hampshire. It is important for importers to comply with the customs regulations and requirements of the specific state where the import is taking place.
HS Code 84593100 represents numerically controlled boring-milling machines that are not otherwise specified. Understanding the product description, duty rates, special tariff preference programs, and importing states is essential for businesses involved in international trade. Compliance with customs regulations and taking advantage of applicable trade programs can help in optimizing trade opportunities and ensuring smooth import and export operations.