HS Code 84593900: Boring-milling machines, other than numerically controlled, nesi
Boring-milling machines are a type of industrial machinery that are used to create holes or enlarge existing holes in various materials. These machines are commonly used in industries such as manufacturing, construction, and metalworking. HS Code 84593900 specifically refers to boring-milling machines that are not numerically controlled.
When importing or exporting these machines, it is important to be aware of the HS code 84593900. This code is used to classify the product and determine the applicable customs duties and tariff rates. In the case of HS Code 84593900, the bound or most-favored-nation (MFN) duty rate 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.
The quantity unit for HS Code 84593900 is number (NO), indicating that the machines are measured and traded based on the number of units.
There are also special tariff preference programs available for boring-milling machines classified under HS Code 84593900. These programs provide certain countries with preferential treatment or duty-free access to the market. The following countries are eligible for special tariff preferences for this HS code:
- Australia (duty-free treatment)
- Australia Special Rate
- Bahrain (duty-free treatment)
- Canada (duty-free treatment under NAFTA)
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- Mexico (duty-free treatment under NAFTA)
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
It is important for importers and exporters to be familiar with these special tariff preference programs, as they can significantly impact the cost and competitiveness of trading these products with eligible countries.
In terms of importing to the United States, there are no specific restrictions or requirements for boring-milling machines classified under HS Code 84593900. However, it is always advisable to check with the relevant customs authorities and ensure compliance with any applicable regulations or standards.
HS Code 84593900 represents boring-milling machines that are not numerically controlled. Importers and exporters of these machines should be aware of the HS code, the applicable customs duties and tariff rates, as well as any special tariff preference programs that may be available. Adhering to these regulations and taking advantage of preferential treatment can help facilitate international trade and enhance business opportunities for all parties involved.
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