In the world of international trade, it is important to have a standardized system to classify products and determine the applicable duties and tariffs. The Harmonized System (HS) Code is a globally recognized system that is used to classify goods for customs purposes. One such HS Code is 84669353, which pertains to certain specified parts and accessories for machines of heading 8456 to 8461, nesoi.
The product description for HS Code 84669353 specifies that it covers parts and accessories for machines falling under the headings 8456 to 8461. These headings relate to machines used in various industries such as manufacturing, construction, and agriculture. The inclusion of "nesoi" in the description stands for "not elsewhere specified or included," indicating that this HS Code covers parts and accessories that are not specifically mentioned under other HS Codes within the same range.
When it comes to the duty rates for products classified under HS Code 84669353, the bound or most-favored nation (MFN) duty rate is 4.7%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. This means that if a country reduces the duty rate for certain goods or services, it must do so for all its trading partners.
The quantity unit for HS Code 84669353 is indicated as "no units collected (X)." This suggests that the quantity of the parts and accessories classified under this HS Code is not measured in a specific unit. It could be due to the nature of these items, which may vary in size, weight, or other characteristics.
There are also certain special tariff preference programs that apply to products classified under HS Code 84669353. These programs provide preferential treatment in terms of duty rates for specific countries. The countries eligible for these preferential programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating duties on certain goods. By taking advantage of these programs, importers and exporters can benefit from lower duty rates and increased competitiveness in the global market.
When it comes to importing products classified under HS Code 84669353 into the United States, there are no specific restrictions mentioned for any particular state. However, it is essential to comply with all applicable customs regulations and requirements to ensure smooth and lawful trade.
HS Code 84669353 covers certain specified parts and accessories for machines falling under the headings 8456 to 8461, nesoi. The bound duty rate for this HS Code is 4.7%, and it is applicable every time a country lowers a trade barrier. Importers and exporters can also take advantage of various special tariff preference programs to benefit from reduced or duty-free treatment. Understanding the HS Code system and its implications is crucial for international trade and ensuring compliance with customs regulations.