When it comes to metal working machine tools for cutting gears, specific parts and accessories play a crucial role in ensuring their efficiency and accuracy. These components are classified under the HS Code 84669330, which helps in identifying and regulating their import and export.
The HS Code 84669330 encompasses a wide range of parts and accessories that are essential for metal working machine tools used in gear cutting. These tools are commonly employed in various industries such as automotive, aerospace, and manufacturing, where precision and quality are of utmost importance.
One significant aspect of the HS Code 84669330 is the bound or most-favored-nation (MFN) duty rate of 5.8%. This rate applies every time a country lowers a trade barrier or opens up a market, ensuring that the same goods or services from all its trading partners are treated equally. This duty rate helps in maintaining fair trade practices and promoting international cooperation.
The quantity unit for the HS Code 84669330 is stated as "no units collected (X)." This indicates that the specific parts and accessories falling under this code are not counted or measured in any particular unit. Instead, they are classified based on their nature and function.
In addition to the duty rate, certain special tariff preference programs are applicable to the HS Code 84669330. These programs offer preferential treatment or exemptions from duties for eligible countries. The following countries benefit from these programs:
These special tariff preference programs aim to promote economic growth, regional integration, and trade facilitation between the United States and the listed countries. They provide opportunities for businesses to import and export the specified parts and accessories under favorable conditions.
Importing and exporting of goods under the HS Code 84669330 are not limited to specific states within the United States. However, some states have been identified as major participants in these transactions:
These states have shown significant involvement in the import and export of metal working machine tools parts and accessories for cutting gears. Their participation highlights the importance of these components in various industries across the country.
The HS Code 84669330 serves as a vital tool in regulating the trade of specific parts and accessories for metal working machine tools. Its classification and duty rates ensure fair trade practices, while special tariff preference programs encourage international cooperation and economic growth. With the involvement of various states and countries, the import and export of these components play a crucial role in the global economy.