When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and classifying goods. In this article, we will delve into the details of HS Code 84663010, which pertains to dividing heads for use solely or principally for machine tools of headings 8456 to 8465.
Dividing heads are essential tools in the machining industry, specifically for operations such as indexing, dividing, and cutting gears. They facilitate precise and accurate positioning, enabling the creation of intricate geometries on workpieces.
Under this HS Code, the bound or most favored nation (MFN) duty rate is set at 3.7%. The MFN principle states that whenever a country reduces a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal treatment in international trade.
No units collected (X) are specified as the quantity unit for HS Code 84663010. This indicates that the measurement of these dividing heads does not rely on a specific unit, as they can vary in size, weight, or any other measurable attribute.
Several special tariff preference programs are applicable to products falling under this HS Code. These programs provide preferential or duty-free treatment to eligible countries. The countries currently enjoying these benefits for HS Code 84663010 include:
These preferential programs aim to promote economic cooperation, regional integration, and trade facilitation among participating countries.
Importing states within the United States and exporting states from the United States can benefit from the trade of products categorized under HS Code 84663010. This code acts as a standard reference point for customs authorities, ensuring accurate classification and proper assessment of duties and tariffs.
HS Code 84663010 specifically covers dividing heads for use solely or principally for machine tools of headings 8456 to 8465. This code plays a crucial role in international trade, facilitating the identification, classification, and tariff determination for these essential machining tools. Additionally, various special tariff preference programs provide eligible countries with preferential or duty-free treatment, further promoting fair and equitable trade.