The HS Code 84703000 refers to calculating machines that are not electronic in nature. These machines are used for various mathematical calculations and are commonly found in offices, businesses, and educational institutions.
When it comes to trade, the bound or Most Favored Nation (MFN) duty rate for this product is free. This means that whenever 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.
The quantity unit for this HS Code is number (NO), indicating that the product is measured by the number of calculating machines imported or exported.
There are also special tariff preference programs associated with this HS Code. These programs allow for duty-free treatment for certain countries. The countries that enjoy this special preference include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and many more. Each country has its own specific rates and conditions under these programs.
When it comes to importing this product into the United States, some of the states that have reported importing this HS Code are Wisconsin, South Carolina, and Wyoming. These states have recognized the importance of calculating machines in various sectors and have made use of them in their businesses and institutions.
On the other hand, the exporting states from the United States for this HS Code include New Hampshire and Mississippi. These states have seen a demand for their calculating machines and have been able to meet this demand by exporting to other countries.
Calculating machines have been an essential tool in various industries and sectors. They have revolutionized the way mathematical calculations are performed and have increased efficiency and accuracy. With the HS Code 84703000, these machines are recognized internationally, allowing for smoother trade and exchange of goods related to this product.
the HS Code 84703000 refers to calculating machines nesi, other than electronic. This article has provided an extensive overview of this HS Code, including its product description, bound duty rate, special tariff preference programs, importing and exporting US states, and the significance of these machines in various sectors. It is essential for businesses and individuals involved in the trade of calculating machines to be familiar with this HS Code to ensure compliance and smooth international trade.