HS Code 84669110: Cast iron parts for machines of heading 8464
Cast iron is a commonly used material for constructing various machine parts due to its excellent mechanical properties and durability. One such category of cast iron parts is covered under HS Code 84669110. This code specifically refers to cast iron parts that have not undergone advanced processing beyond cleaning and are specifically machined for machines classified under heading 8464 of the Harmonized System (HS).
HS Codes are internationally recognized codes that classify products for import and export purposes. The HS Code 84669110 helps customs officials and traders identify and categorize cast iron parts that are destined for machines falling under the heading 8464. These machines are typically industrial or workshop machinery used for various purposes such as cutting, shaping, or forming materials.
The HS Code 84669110 is important for importers and exporters as it provides a standardized system for classifying and regulating trade in cast iron parts. It ensures that the customs authorities can accurately assess duties, taxes, and other trade-related charges applicable to these products.
When it comes to the import and export of cast iron parts under HS Code 84669110, there are certain considerations to keep in mind. The Bound or Most Favored Nation (MFN) duty rate for these parts is free. This means that whenever 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. This fosters fair and equal trade practices among nations.
The quantity unit for cast iron parts under HS Code 84669110 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported cast iron parts, which is important for calculating transportation costs and complying with customs regulations.
Furthermore, there are special tariff preference programs available for cast iron parts under HS Code 84669110. These programs provide preferential treatment in terms of duty rates for specific countries. Some of the countries that offer free tariff preference for these parts include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and several others.
Importing and exporting cast iron parts under HS Code 84669110 involves various US states. While this data does not provide a comprehensive list of importing and exporting states, it is important to note that Delaware is included in the list of exporting US states. This suggests that there is significant trade activity in cast iron parts from Delaware to other countries.
the HS Code 84669110 plays a crucial role in the trade of cast iron parts specifically machined for machines classified under heading 8464. This code allows for accurate classification, regulation, and assessment of duties and taxes for these products. Understanding the HS Code and its implications is essential for importers, exporters, and customs officials involved in the trade of cast iron parts.
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