Machinery plays a crucial role in various industries, and one such machinery is categorized under HS Code 84748000. This HS code refers to machinery used for agglomerating, shaping, or molding solid mineral fuels or other mineral products. Additionally, it includes machines specifically designed for forming sand foundry molds. Let's delve deeper into this HS code and explore its significance in international trade.
The product description covered under HS Code 84748000 encompasses a wide range of machinery. It includes equipment used to agglomerate, shape, or mold solid mineral fuels, such as coal, into specific forms or sizes. This machinery aids in the processing and handling of mineral fuels, ensuring their efficient utilization in various industries.
Furthermore, the HS code also covers machines designed for forming sand foundry molds. Foundry molds are essential for casting metal parts and components, and these machines facilitate the formation of these molds with precision and accuracy.
The bound or most-favored-nation (MFN) duty rate applicable to HS Code 84748000 is free. This means that when 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. Therefore, countries importing or exporting machinery falling under this HS code can benefit from duty-free treatment.
The quantity unit associated with HS Code 84748000 is the number (NO). This unit indicates that the measurement of the machinery is based on the total count or quantity instead of weight or volume.
Several special tariff preference programs offer additional benefits to countries involved in the import or export of machinery covered under HS Code 84748000. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation by reducing or eliminating import duties for eligible countries.
HS Code 84748000 is relevant to various US states in terms of import and export. The following states are involved in importing machinery falling under this HS code:
On the other hand, the following US states are involved in exporting machinery falling under this HS code:
These states actively participate in international trade, contributing to the global exchange of machinery for agglomerating, shaping, or molding solid mineral fuels and forming sand foundry molds.
HS Code 84748000 represents machinery used for agglomerating, shaping, or molding solid mineral fuels, as well as machines for forming sand foundry molds. This HS code plays a significant role in international trade, with various countries benefiting from duty-free treatment and special tariff preference programs. Moreover, several US states are actively involved in importing and exporting machinery falling under this HS code, contributing to global trade and economic development.