The HS Code 84719000 refers to magnetic or optical readers, as well as machines for transcribing data on data media in coded form and machines for processing such data. This code is used to classify and categorize these specific types of products for international trade purposes.
These magnetic or optical readers are versatile devices that are used to read and interpret data from various sources. They can read information from magnetic stripes on cards, such as credit cards or identification cards, as well as optical characters from documents like barcodes or QR codes. These readers are essential for businesses and organizations that rely on accurate and efficient data processing.
When it comes to trade, the HS Code 84719000 plays an important role in ensuring that the same rules and regulations apply to these products across different countries. The bound or most-favored-nation (MFN) duty rate associated with this HS code 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 products under this HS code is number (NO). This unit signifies that the products are counted individually rather than measured by weight or volume.
In addition to the general trade regulations, there are also special tariff preference programs that may apply to products classified under HS Code 84719000. These programs offer specific benefits or exemptions to certain countries or regions, promoting trade and economic cooperation.
For importers in the United States, the following states are known for importing products under HS Code 84719000: California, Colorado, Florida, Georgia, Massachusetts, Oklahoma, Texas, and Nevada. These states have a high demand for magnetic or optical readers and machines for transcribing data, indicating a strong market for these products.
On the other hand, the top exporting states in the US for products under this HS code are California, Massachusetts, New Mexico, Oklahoma, Texas, and Idaho. These states have a significant presence in the export market for magnetic or optical readers and machines for transcribing data.
Overall, the HS Code 84719000 plays a crucial role in classifying and regulating the trade of magnetic or optical readers and machines for transcribing data. It ensures fair and consistent trade practices and facilitates the smooth flow of these essential products across international borders.