When it comes to tools for working in the hand, a diverse range of products falls under HS Code 84679901. This code is specifically designated for parts of tools that are hydraulic or powered by self-contained nonelectric or electric motors, excluding chain saws. In this article, we will explore the details of this HS code and its implications for international trade.
The product description covered by HS Code 84679901 includes various parts of tools used for manual work. These tools can be powered by hydraulic systems or self-contained motors, either electric or nonelectric. However, it is important to note that chain saws are not included in this HS code.
Under the World Trade Organization (WTO) rules, countries are required to treat all their trading partners equally. This means that if 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. In the case of HS Code 84679901, the bound / MFN (Most Favored Nation) duty rate is free. This means that no duties or tariffs are imposed on the import of these goods.
The quantity unit for HS Code 84679901 is "no units collected (X)." This suggests that the specific quantity of parts of tools imported or exported under this HS code is not measured in traditional units such as kilograms or pieces. Instead, it is likely that the quantity is determined based on the value or monetary amount of the goods.
Several special tariff preference programs are available for HS Code 84679901. These programs provide certain countries with preferential treatment, including duty-free access to the respective markets. The countries eligible for these programs in relation to this HS code include:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. By providing duty-free treatment or special rates, they encourage the import and export of parts of tools covered by HS Code 84679901.
While the data provided does not include an extensive list of importing and exporting US states, it mentions Wisconsin and South Carolina as importers of goods classified under HS Code 84679901. On the other hand, New Hampshire and Mississippi are listed as exporting states for these goods. It is essential to note that this information may not represent the complete picture of trade activities related to this specific HS code within the United States.
HS Code 84679901 encompasses parts of tools for working in the hand, which are hydraulic or powered by self-contained nonelectric or electric motors, excluding chain saws. This HS code carries a free bound / MFN duty rate and is eligible for various special tariff preference programs. Understanding the details of this HS code is crucial for international traders and businesses involved in the import and export of these specific goods.