The HS Code 84659600 refers to splitting, slicing, or paring machines used for working with various hard materials such as wood, cork, bone, hard rubber, hard plastics, or similar materials. These machines are designed to perform specific tasks like splitting, slicing, or paring these materials, making them more manageable and suitable for various applications.
When it comes to international trade, the HS Code plays a crucial role in classifying and identifying the specific goods being imported or exported. It helps customs authorities determine the appropriate duty rates, control imports and exports, and gather statistical information.
The product description associated with HS Code 84659600 clearly defines the purpose of these machines. They are used for working with a wide range of hard materials, including wood, cork, bone, hard rubber, hard plastics, and similar materials. By splitting, slicing, or paring these materials, these machines facilitate their use in various industries and applications.
The bound or MFN (Most Favored Nation) duty rate for HS Code 84659600 is 2.4%. This means 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 duty rate is applied to the value of the imported goods and is subject to change based on trade agreements, tariff preferences, and other factors.
The quantity unit for HS Code 84659600 is the number (NO). This unit indicates that the quantity of machines being imported or exported is measured in numbers, representing individual units of the splitting, slicing, or paring machines.
Special tariff preference programs are available for HS Code 84659600, providing certain countries with preferential treatment or exemptions from duty payments. The following countries enjoy free trade under these programs: Australia (A), Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX) under NAFTA, Oman (OM), Peru (P), Singapore (SG).
These programs offer different levels of tariff preferences to encourage trade and strengthen economic ties between the participating countries. For example, the Generalized System of Preferences (GSP) grants duty-free treatment to goods imported from eligible countries. Similarly, specific trade agreements or initiatives provide preferential rates to certain countries, such as the Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), or the Dominican Republic-Central American Special Rate (DR-CAFTA).
When importing goods with HS Code 84659600 into the United States, exporters need to be aware of the specific state regulations and requirements. The importing US states may have additional restrictions, licensing requirements, or documentation procedures that need to be followed. It is crucial for exporters to familiarize themselves with the laws and regulations of the destination state to ensure a smooth and compliant import process.
Similarly, exporters based in the United States need to consider the regulations and requirements of the destination country when exporting goods with HS Code 84659600. Each exporting US state may have its own export control laws and regulations that need to be complied with, along with any applicable international trade agreements or programs.
HS Code 84659600 covers splitting, slicing, or paring machines used for working with various hard materials. The code helps identify and classify these machines for international trade purposes, and it also determines the applicable duty rates. Special tariff preference programs provide certain countries with preferential treatment, including duty-free benefits, encouraging trade and fostering economic relationships. Importing and exporting countries need to be aware of the specific regulations and requirements to ensure smooth and compliant trade.