The HS Code 84771030 refers to injection-molding machines specifically designed for the manufacturing of shoes made of rubber or plastics. These machines play a crucial role in the footwear industry by enabling the mass production of high-quality and durable shoes.
Injection-molding machines are used to create intricate shoe components, such as soles, heels, and uppers, by injecting molten rubber or plastic into a mold. This process ensures precise and consistent results, allowing manufacturers to meet the demand for shoes in a cost-effective manner.
When it comes to international trade, the HS Code plays a vital role in identifying and classifying products. The HS Code 84771030 specifically categorizes injection-molding machines for manufacturing shoes of rubber or plastics, making it easier for importers, exporters, and customs officials to identify and track these machines.
Bound / MFN duty rate: Free
The bound or most-favored-nation (MFN) duty rate for HS Code 84771030 is free. This means that countries are not required to impose any import duties or tariffs on these machines. The purpose of this duty rate is to promote international trade and remove trade barriers, ensuring that all trading partners have equal access to the market.
When a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and equitable treatment for all countries involved in international trade.
Quantity unit: Number (NO)
The quantity unit for HS Code 84771030 is the number (NO). This unit denotes the number of injection-molding machines being imported or exported. It helps in accurately quantifying the trade volume of these machines and facilitates efficient customs clearance and documentation processes.
Special tariff preference programs
HS Code 84771030 is eligible for various special tariff preference programs, which provide additional benefits or exemptions from import duties. The following countries or regions offer special tariff rates for this HS Code:
These special tariff preference programs aim to promote trade and economic cooperation between countries. By offering preferential treatment or duty-free access to certain goods, these programs encourage importers and exporters to engage in trade activities, fostering economic growth and development.
Importing US states
When it comes to importing injection-molding machines for manufacturing shoes of rubber or plastics (HS Code 84771030) into the United States, the following states are notable importers:
These states have a demand for injection-molding machines due to their footwear manufacturing industry or other related industries. Importers in these states benefit from the free MFN duty rate and may also take advantage of the special tariff preference programs mentioned earlier.
Exporting US states
On the other hand, the following state in the United States is known for exporting injection-molding machines for manufacturing shoes of rubber or plastics:
Vermont has a thriving manufacturing sector and is known for its high-quality footwear production. The state exports injection-molding machines to meet the global demand for shoes made of rubber or plastics. Exporters from Vermont can benefit from the free MFN duty rate and may also explore the special tariff preference programs available in destination countries.
HS Code 84771030 represents injection-molding machines used in the production of shoes made of rubber or plastics. This code plays a vital role in international trade, facilitating the identification, classification, and tracking of these machines. With a free MFN duty rate and eligibility for special tariff preference programs, importers and exporters of HS Code 84771030 can engage in trade activities with ease and take advantage of various benefits offered by participating countries.