HS Code 84602900: Other Grinding Machines for Metal or Cermets

The HS Code 84602900 refers to other grinding machines for metal or cermets with a positioning accuracy in any one axis of at least 0.01 mm. These machines are classified as other than numerically controlled. Let's take a closer look at what this HS code entails and its implications for trade.

Product Description

The product description for HS Code 84602900 includes grinding machines that are used specifically for metal or cermets. These machines have a high level of positioning accuracy in any one axis, ensuring precision in the grinding process. The accuracy of at least 0.01 mm is crucial for achieving the desired results in metal and cermet grinding applications.

It is important to note that the grinding machines covered under this HS code are classified as "other than numerically controlled." This means that these machines do not possess numerical control capabilities, which are commonly found in CNC (Computer Numerical Control) machines.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 84602900 is set at 4.4%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of tariffs.

The MFN principle requires countries to extend any trade advantages, such as reduced duties or duty-free treatment, to all its trading partners. Therefore, when a country applies a lower duty rate or grants duty-free treatment to a specific product under this HS code, it must do so for all countries it trades with.

Quantity Unit

The quantity unit for HS Code 84602900 is "number" (NO). This unit indicates that the measurement of the product is done in numerical quantity rather than weight or volume.

Special Tariff Preference Programs

Several special tariff preference programs offer advantageous treatment for products classified under HS Code 84602900. These programs provide reduced or duty-free treatment for eligible countries. The following are some of the special tariff preference programs applicable to this HS code:

Generalized System of Preferences (GSP): This program grants duty-free treatment to eligible countries. It aims to promote economic growth in developing countries by facilitating their export activities.
Australia Special Rate: Australia has a special tariff rate for imports under this HS code, which provides favorable conditions for trade between Australia and the exporting country.
Bahrain Special Rate: Bahrain offers a special rate for imports under this HS code, ensuring preferential treatment for trade with Bahrain.
NAFTA for Canada: Canada grants duty-free treatment to imports under this HS code as part of the North American Free Trade Agreement (NAFTA).
Chile Special Rate: Imports under this HS code enjoy a special rate when traded with Chile, promoting trade relations between the exporting country and Chile.
Caribbean Basin Initiative (CBI): The CBI provides duty-free treatment for eligible countries exporting under this HS code to promote economic development in the Caribbean region.
Israel Special Rate: Imports under this HS code receive duty-free treatment when traded with Israel, facilitating trade between the exporting country and Israel.
Andean Trade Preference Act (ATPA): The ATPA grants preferential treatment to eligible countries exporting under this HS code to promote economic integration and development in the Andean region.
Jordan Special Rate: Jordan offers a special rate for imports under this HS code, ensuring preferential treatment for trade with Jordan.
Morocco Special Rate: Imports under this HS code receive a special rate when traded with Morocco, promoting trade relations between the exporting country and Morocco.
NAFTA for Mexico: Mexico grants duty-free treatment to imports under this HS code as part of the North American Free Trade Agreement (NAFTA).
Oman Special Rate: Oman offers a special rate for imports under this HS code, ensuring preferential treatment for trade with Oman.
Dominican Republic-Central American Special Rate (DR-CAFTA): The DR-CAFTA provides preferential treatment to eligible countries exporting under this HS code to promote economic integration and development in the region.
Peru Special Rate: Imports under this HS code enjoy a special rate when traded with Peru, promoting trade relations between the exporting country and Peru.
Singapore Special Rate: Singapore offers a special rate for imports under this HS code, ensuring preferential treatment for trade with Singapore.

Importing US States

The information available does not specify any specific importing US states for HS Code 84602900. Therefore, the import of products classified under this HS code is not limited to any particular state within the United States.