Thread rolling machines are specialized equipment used in the metalworking industry for the production of threaded components. These machines are designed to create threads on metal or cermet workpieces without the need for material removal. The HS Code 84632000 specifically identifies thread rolling machines used for this purpose.
When it comes to international trade, the HS Code plays a crucial role in identifying and classifying different products. The HS Code 84632000 ensures that thread rolling machines for working metal or cermet are recognized and categorized correctly for import and export purposes.
One important aspect to consider in international trade is the bound or Most Favored Nation (MFN) duty rate associated with the HS Code 84632000. The bound duty rate for this particular code 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 quantity unit for the HS Code 84632000 is measured in numbers (NO). This unit indicates the number of thread rolling machines being imported or exported.
In terms of tariff preference programs, several countries provide special rates or duty-free treatment for the import or export of thread rolling machines under the HS Code 84632000. These countries include:
These special tariff preference programs aim to facilitate trade by reducing or eliminating duties on thread rolling machines for eligible countries.
Importing and exporting of thread rolling machines under the HS Code 84632000 can take place between different states within the United States. The specific states involved in importing or exporting activities can vary depending on the individual transactions.
Overall, the HS Code 84632000 is essential for the proper identification, classification, and regulation of thread rolling machines used for working metal or cermet. Understanding the duty rates, quantity units, and special tariff preference programs associated with this code is crucial for international trade operations and compliance.