HS Code 84629140 - Hydraulic presses, numerically controlled

Hydraulic presses are an essential tool in various industries, offering precision and efficiency in the manufacturing process. In this article, we will explore the HS code 84629140, which specifically refers to numerically controlled hydraulic presses. We will discuss the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code.

Product Description

The HS code 84629140 represents hydraulic presses that are equipped with numerical control systems. These presses utilize hydraulic power to generate force and are controlled by computer programs. Numerical control allows for precise and automated operation, making these presses suitable for applications that require high accuracy and repeatability.

Duty Rates

The bound or most-favored-nation (MFN) duty rate for HS code 84629140 is 4.4%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 4.4% to hydraulic presses imported under this HS code from all its trading partners.

Quantity Unit

The quantity unit for HS code 84629140 is "number" (NO), indicating that the measurement is based on the number of hydraulic presses imported or exported.

Special Tariff Preference Programs

Hydraulic presses falling under HS code 84629140 can benefit from various special tariff preference programs. These programs provide preferential treatment, such as duty-free status or reduced duty rates, to promote trade between specific countries. The following programs are applicable to this HS code:

Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries.
Australia Special Rate: Offers a special rate of duty for hydraulic presses imported from Australia.
Bahrain Special Rate: Grants a special rate of duty for hydraulic presses imported from Bahrain.
NAFTA for Canada: Allows duty-free treatment for hydraulic presses imported from Canada under the North American Free Trade Agreement.
Chile Special Rate: Provides a special rate of duty for hydraulic presses imported from Chile.
Caribbean Basin Initiative (CBI): Offers duty-free treatment for hydraulic presses imported from eligible Caribbean countries.
Israel Special Rate: Grants duty-free treatment for hydraulic presses imported from Israel.
Andean Trade Preference Act (ATPA): Provides a special rate of duty for hydraulic presses imported from ATPA beneficiary countries.
Jordan Special Rate: Offers a special rate of duty for hydraulic presses imported from Jordan.
Morocco Special Rate: Grants a special rate of duty for hydraulic presses imported from Morocco.
NAFTA for Mexico: Allows duty-free treatment for hydraulic presses imported from Mexico under the North American Free Trade Agreement.
Oman Special Rate: Provides a special rate of duty for hydraulic presses imported from Oman.
Dominican Republic-Central American Special Rate (DR-CAFTA): Offers a special rate of duty for hydraulic presses imported from DR-CAFTA countries.
Peru Special Rate: Grants a special rate of duty for hydraulic presses imported from Peru.
Singapore Special Rate: Offers a special rate of duty for hydraulic presses imported from Singapore.

These special tariff preference programs aim to facilitate trade and strengthen economic relations between the countries involved, promoting growth and cooperation in the hydraulic press industry.

Importing and Exporting US States

The HS code 84629140 applies to hydraulic presses imported into and exported from the United States. This code is relevant for all states within the US, including but not limited to:

Alabama
California
Florida
Texas
New York
Ohio
Illinois
Pennsylvania
Georgia
Michigan

These states, along with others, contribute to the import and export of hydraulic presses under HS code 84629140, playing a crucial role in the growth and distribution of this important industrial equipment.