The HS Code 84671110 refers to a specific category of tools used for working in the hand. These tools are pneumatic and rotary in nature, and they are specifically designed for metal working applications. The HS Code is an internationally recognized system used for classifying goods for import and export purposes. It helps to ensure that trade barriers are lowered, and all trading partners are treated equally.
When a country lowers a trade barrier or opens up a market, they are required to do so for the same goods or services from all its trading partners. This means that the bound or MFN (Most Favored Nation) duty rate for the HS Code 84671110 is set at 4.5% for all countries. This ensures fair and equal treatment for all trading partners.
The quantity unit for the HS Code 84671110 is measured in numbers (NO). This means that the quantity of tools imported or exported under this HS Code is measured in individual units.
There are several special tariff preference programs that apply to the HS Code 84671110. These programs provide certain countries with preferential treatment, allowing them to import or export the goods under this HS Code duty-free. The countries included in these programs are:
The HS Code 84671110 is applicable for both importing and exporting in the United States. However, the specific states involved in importing or exporting under this HS Code are not mentioned in the provided data.
Overall, the HS Code 84671110 represents a specific category of tools used for metal working applications. It is important for businesses and traders to understand the proper classification and tariff rates associated with this HS Code, as well as the special tariff preference programs that may apply for certain countries. Compliance with these regulations can help facilitate international trade and ensure fair treatment for all trading partners.