In the world of international trade, the Harmonized System (HS) code is a crucial classification system used to identify and categorize products for import and export. HS Code 84604040 specifically refers to honing or lapping machines that are numerically controlled and used for working metal or cermet materials. In this article, we will delve into the details of this HS code, exploring its product description, duty rates, quantity units, and special tariff preference programs.
The product described under HS Code 84604040 encompasses honing or lapping machines that are designed for working metal or cermet materials. These machines are equipped with numerical control systems, which enable precise and automated operations. Honing and lapping are mechanical processes used to refine the surface of metal or cermet parts, improving their dimensional accuracy, surface finish, and overall quality.
The bound or Most Favored Nation (MFN) duty rate for HS Code 84604040 is 4.4%. 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 duty rate of 4.4% is applicable to the importation of honing or lapping machines for working metal or cermet materials that fall under this HS code.
The quantity unit for HS Code 84604040 is "number" (NO). This unit indicates that the quantity of honing or lapping machines being imported or exported is measured in individual units. The "number" unit is commonly used for products that are not measured in weight or volume but rather by their count or quantity.
HS Code 84604040 is eligible for various special tariff preference programs that offer favorable treatment in terms of duty rates. These programs are designed to promote trade and economic cooperation between specific countries. The following countries or regions offer special tariff preferences for importing honing or lapping machines under this HS code:
These special tariff preference programs aim to reduce or eliminate import duties for honing or lapping machines, thereby encouraging trade and fostering economic relations between the countries involved.
While HS Code 84604040 applies to international trade, it is also relevant to consider the importing and exporting US states involved in the trade of honing or lapping machines for working metal or cermet materials. Based on the available data, New Hampshire is one of the US states involved in importing these machines.
It's important to note that this information may not represent the complete list of states involved in importing or exporting under HS Code 84604040. Additional data and research would be needed to provide a comprehensive overview of the specific US states engaged in this trade.
HS Code 84604040 pertains to numerically controlled honing or lapping machines used for working metal or cermet materials. The code's product description, duty rates, quantity unit, and special tariff preference programs provide valuable insights for businesses, traders, and policymakers involved in international trade.