HS Code 84659200: Planing, Milling, or Molding Machines for Working Wood, Cork, Bone, Hard Rubber, Hard Plastics, or Similar Hard Materials
Planing, milling, or molding machines play a crucial role in the woodworking industry. These machines are designed to shape and form various materials such as wood, cork, bone, hard rubber, hard plastics, and similar hard materials. HS Code 84659200 specifically refers to the classification of these machines for import and export purposes.
The HS (Harmonized System) Code is an internationally recognized system used for classifying products in international trade. It is a standardized method to ensure consistency and uniformity in the classification of goods across different countries. HS Code 84659200 is assigned to planing, milling, or molding machines specifically designed for working with the mentioned materials.
When importing or exporting products classified under HS Code 84659200, it is essential to understand the associated duties and tariff rates. The bound or MFN (Most Favored Nation) duty rate for this HS Code is 3%. 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 3% duty rate applies to the value of the imported or exported goods.
The quantity unit for HS Code 84659200 is the number (NO), indicating the number of planing, milling, or molding machines being imported or exported.
There are also special tariff preference programs available for products classified under HS Code 84659200. These programs offer preferential treatment in terms of duty rates or duty-free treatment for eligible countries. The following countries are listed under the special tariff preference programs for this HS Code:
- Free: Generalized System of Preferences (GSP) (duty-free treatment)
- Australia Special Rate
- Bahrain Special Rate
- NAFTA (North American Free Trade Agreement) for Canada (duty-free treatment)
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
These special tariff preference programs aim to promote trade and provide benefits to both importing and exporting countries. It is important to check the eligibility requirements and specific conditions for these programs to determine if the products classified under HS Code 84659200 qualify for preferential treatment.
In terms of importing and exporting from the United States, different states may have varying regulations and requirements. It is crucial to comply with the specific regulations of the importing and exporting states when dealing with products classified under HS Code 84659200.
HS Code 84659200 refers to planing, milling, or molding machines used for working wood, cork, bone, hard rubber, hard plastics, or similar hard materials. Understanding the associated duties, tariff rates, and special tariff preference programs is essential for importers and exporters dealing with this HS Code. Compliance with the regulations of importing and exporting states is also crucial for a smooth and successful trade process.
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