The HS Code 84671150 refers to tools that are specifically designed for hand use, but are powered by compressed air. These tools are of the rotary type and are not suitable for metal working. This code is used to classify and regulate the import and export of such tools.
When importing or exporting goods, it is important to be aware of the specific HS code associated with the product. The HS code provides a standardized classification system that is recognized worldwide. It helps to determine the applicable duty rates, trade restrictions, and other regulations that may apply to the product.
The HS code 84671150 falls under the category of tools for working in the hand. These tools are powered by pneumatic (compressed air) mechanisms and operate in a rotary motion. However, it is important to note that these tools are not suitable for metal working applications.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) principle plays a crucial role. According to this principle, every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment for all trading partners.
The quantity unit for this HS code is measured in numbers (NO), indicating the number of tools being imported or exported.
Special tariff preference programs are available for this HS code. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries are eligible for free trade under specific programs:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost and competitiveness of the products.
When it comes to the importing and exporting of goods with the HS code 84671150, various US states are involved. However, the specific states involved in the trade of these tools are not mentioned in the given data.
the HS Code 84671150 represents tools for working in the hand that are powered by compressed air and operate in a rotary motion. These tools are not suitable for metal working applications. Understanding the HS code, duty rates, and special tariff preference programs is essential for importers and exporters to ensure compliance and take advantage of any available benefits.