The HS Code 84659400 refers to bending or assembling machines used for working with various hard materials such as wood, cork, bone hard rubber, hard plastics, and similar materials. These machines play a crucial role in shaping and forming these materials into desired shapes and structures.
When it comes to international trade, the HS Code acts as a standardized system for classifying products. It helps in determining the applicable customs duties and trade regulations for specific goods. The HS Code 84659400 specifically categorizes bending or assembling machines for working with hard materials.
The bound or Most Favored Nation (MFN) duty rate for products falling under HS Code 84659400 is 2.9%. The MFN duty rate implies that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This promotes equal treatment and fair trade practices among nations.
The quantity unit for products classified under HS Code 84659400 is the number (NO). This unit signifies the count or quantity of machines being imported or exported.
Several special tariff preference programs are available for products falling under HS Code 84659400. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries eligible for these programs include:
These special tariff preference programs aim to promote economic cooperation and enhance trade relationships between the United States and these countries.
Importing and exporting of products under HS Code 84659400 can be carried out between various US states and exporting countries. The specific states involved in importing these machines may vary depending on the demand and requirements of the market.
HS Code 84659400 encompasses bending or assembling machines used for working with hard materials like wood, cork, bone hard rubber, hard plastics, and similar materials. The code helps in determining the applicable customs duties and trade regulations for these machines, while special tariff preference programs provide certain countries with preferential treatment or duty-free access to the US market.