The HS Code 84619060 refers to machine-tools for working by removing metal or cermets, other than numerically controlled. This code is used to classify and categorize these specific types of machine-tools for international trade purposes. Understanding and utilizing HS codes is crucial for international trade as it helps in identifying the products, determining the applicable duties, and ensuring smooth customs clearance.
Machine-tools for working by removing metal or cermets are essential in various industries such as manufacturing, construction, and metalworking. These tools are used to shape, cut, drill, and finish metals and cermets, which are composite materials composed of ceramic and metallic elements. They are widely used in the production of parts, components, and finished products.
The HS Code 84619060 specifies that the machine-tools covered under this code are "nesoi" (not elsewhere specified or included), meaning they are not covered by any other more specific HS code. It also includes those machine-tools that are not numerically controlled, indicating that they are operated manually or through mechanical means rather than computerized control systems.
When importing or exporting machine-tools under HS Code 84619060, it is essential to consider the applicable duties and tariff rates. The bound / MFN (Most Favored Nation) duty rate for this HS code is 4.4%. This means that countries imposing import duties on machine-tools falling under this HS code cannot charge a higher rate than 4.4% to any trading partner. It ensures fair and non-discriminatory treatment for all trading partners.
In addition to the general duty rate, there are special tariff preference programs available for machine-tools under HS Code 84619060. These programs provide duty-free treatment or preferential rates for specific countries. The countries eligible for these programs include:
These special tariff preference programs aim to promote trade and economic cooperation by providing favorable conditions for eligible countries.
Importing and exporting of machine-tools under HS Code 84619060 can occur between different states within the United States as well. The specific importing and exporting states may vary depending on the business requirements and the distribution network of the manufacturers and suppliers.
Overall, the HS Code 84619060 plays a vital role in the international trade of machine-tools for working by removing metal or cermets. It helps in classifying the products, determining the applicable duties, and accessing special tariff preference programs. By understanding and utilizing HS codes effectively, businesses can ensure smooth customs clearance, accurate documentation, and compliance with international trade regulations.