When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in categorizing goods and products. In this article, we will explore HS Code 84612080, which pertains to shaping or slotting machines used for working by removing metal or cermets. Let's delve into the details of this HS code and understand its significance in global trade.
HS Code 84612080 specifically refers to shaping or slotting machines that are used for working by removing metal or cermets. These machines are commonly utilized in various industries for shaping, cutting, or slotting metal or cermets materials. It is important to note that this HS code excludes numerically controlled machines, as they fall under a different category.
The bound or most-favored-nation (MFN) duty rate for HS Code 84612080 is 4.4%. This means that when 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 duty rate is applied every time this HS code is used for importing or exporting the specified machines.
The quantity unit for HS Code 84612080 is number (NO). This means that the machines are typically measured and traded based on the number of units rather than weight or volume. It provides a standardized unit for tracking and documenting the import and export of these machines.
HS Code 84612080 is eligible for various special tariff preference programs, which allow for preferential treatment in terms of duty rates. These programs aim to promote trade and economic cooperation between countries. The following countries or regions extend special tariff preferences to this HS code:
These special tariff preference programs provide opportunities for traders to benefit from reduced or eliminated duty rates when dealing with these countries or regions. It is important for importers and exporters to understand and utilize these programs to optimize their trade operations.
HS Code 84612080 is imported and exported by various states within the United States. The specific states involved in the import and export of machines under this HS code may vary depending on market demand and industrial activities. Some of the commonly involved states in the import and export of these machines include:
These states have significant manufacturing sectors and industrial activities, which drive the demand for shaping or slotting machines. Importers and exporters in these states play a crucial role in facilitating the trade of HS Code 84612080.
HS Code 84612080 represents shaping or slotting machines used for working by removing metal or cermets. This HS code is subject to a duty rate of 4.4% and is eligible for various special tariff preference programs. Importers and exporters need to be aware of these programs and understand the import-export dynamics of this HS code in their respective countries and states. By leveraging the benefits provided by these programs, businesses can enhance their competitiveness in the global market.