Machine tools play a crucial role in the manufacturing industry, enabling the efficient and precise shaping of metal or metal carbide materials. One specific category of machine tools is those that are numerically controlled, allowing for greater automation and accuracy in the production process. HS Code 84629940 represents these specialized machines, which are used in various industries such as automotive, aerospace, and machinery manufacturing.
The HS Code 84629940 provides a standardized classification for customs authorities and traders to identify and categorize these specific types of machine tools. It is essential for importers and exporters to be familiar with the correct HS code to ensure smooth customs clearance and compliance with trade regulations.
The product description for HS Code 84629940 is "Machine tools (including nonhydraulic presses) for working metal or metal carbides, nesi, numerically controlled." This description outlines the main characteristics of the machines covered under this HS code.
These machine tools are designed to shape and manipulate metal or metal carbide materials using various processes such as cutting, drilling, milling, or turning. They incorporate advanced numerical control systems that allow for precise control of the tool's movements and operations. Numerical control eliminates the need for manual intervention, resulting in higher productivity and improved quality in metalworking processes.
The bound / MFN (Most-Favored Nation) duty rate for HS Code 84629940 is 4.4%. This duty rate applies to imports of these machine tools from any country that does not have a preferential trade agreement with the importing country.
It is important to note that the bound / MFN duty rate is a baseline rate that applies to all trading partners equally. However, countries may enter into special tariff preference programs to reduce or eliminate import duties for specific goods. In the case of HS Code 84629940, several countries have implemented such programs, providing preferential treatment for imports of these machines.
The quantity unit for HS Code 84629940 is "number" (NO). This unit represents the count or number of individual machine tools being imported or exported.
Several special tariff preference programs exist for HS Code 84629940, offering reduced or duty-free treatment for imports of these numerically controlled machine tools. The following countries participate in these programs:
These special tariff preference programs aim to promote trade and economic cooperation between the participating countries by reducing barriers to importation and fostering a more favorable business environment.
HS Code 84629940 can be imported or exported to and from various states within the United States. The specific states involved in importing and exporting activities may vary depending on market demand and manufacturing capabilities.
Some of the prominent importing states for HS Code 84629940 include California, Texas, New York, Illinois, and Ohio. These states have a significant presence of manufacturing industries that rely on numerically controlled machine tools for their production processes.
On the other hand, states such as Michigan, Indiana, Wisconsin, Pennsylvania, and North Carolina are known for their strong manufacturing capabilities and are often major exporters of HS Code 84629940 machine tools.
Understanding the importing and exporting states can provide valuable insights for businesses involved in the trade of these machine tools, helping them identify potential markets and establish strategic partnerships.
HS Code 84629940 represents numerically controlled machine tools used for working metal or metal carbides. This educational article has provided a comprehensive overview of the HS code, including the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and importing/exporting US states. Being knowledgeable about these aspects can assist traders, manufacturers, and customs authorities in facilitating international trade and ensuring compliance with trade regulations.