HS Code 84649001: Machine Tools for Working Stone, Ceramics, Concrete, Asbestos-Cement or Like Mineral Materials or for Cold Working Glass
Machine tools play a crucial role in various industries, enabling precise and efficient manufacturing processes. One such category is HS Code 84649001, which refers to machine tools specifically designed for working stone, ceramics, concrete, asbestos-cement, or similar mineral materials, as well as for cold working glass. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.
Product Description: HS Code 84649001 encompasses a diverse range of machine tools used for processing stone, ceramics, concrete, asbestos-cement, and cold working glass. These tools are designed to shape, cut, grind, or polish these materials with precision and accuracy. From stone-cutting machines used in the construction industry to glass-grinding tools employed in glass manufacturing, this HS code covers a wide array of equipment vital to various sectors.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 84649001 is 2%. The MFN principle states that whenever a country reduces trade barriers or opens up a market, it must apply the same treatment to all its trading partners for the same goods or services. This duty rate ensures fair and consistent trade practices among nations.
Quantity Unit: The quantity unit for HS Code 84649001 is the number (NO). This unit represents the count of individual machine tools imported or exported.
Special Tariff Preference Programs: Certain countries have established special tariff preference programs that offer preferential treatment for imports under HS Code 84649001. These programs aim to promote trade and economic cooperation between participating nations. The following countries provide special tariff rates or duty-free treatment for products falling under this HS code:
- Australia (Special Rate)
- Bahrain (Special Rate)
- Canada (NAFTA for duty-free treatment)
- Chile (Special Rate)
- Caribbean Basin Initiative (CBI)
- Israel (Special Rate)
- Andean Trade Preference Act (ATPA)
- Jordan (Special Rate)
- Morocco (Special Rate)
- Mexico (NAFTA for duty-free treatment)
- Oman (Special Rate)
- Dominican Republic-Central American (DR-CAFTA)
- Peru (Special Rate)
- Singapore (Special Rate)
These special tariff preference programs enable importers and exporters to benefit from reduced or eliminated duties, facilitating trade and fostering economic relationships between the participating countries.
Importing US States: HS Code 84649001 applies to machine tools imported into various states within the United States. These tools are utilized in industries across the country, contributing to the growth and development of sectors such as construction, manufacturing, and glass production.
Exporting US States: Similarly, machine tools falling under HS Code 84649001 are exported from various states within the United States. These exports help meet the global demand for high-quality stone, ceramics, concrete, asbestos-cement, and glass products, showcasing the expertise and innovation of American manufacturers.
HS Code 84649001 encompasses machine tools specifically designed for working stone, ceramics, concrete, asbestos-cement, or like mineral materials, as well as for cold working glass. With a bound duty rate of 2% and special tariff preference programs offered by several countries, these tools play a vital role in various industries and contribute to international trade and economic cooperation.
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