Injection-molding machines play a crucial role in the manufacturing industry, particularly in the production of products made from rubber or plastics. These machines are classified under HS Code 84771090, which specifically refers to injection-molding machines used for working or manufacturing products from rubber or plastics, not elsewhere specified.
When importing or exporting goods, it is important to understand the HS code system. The Harmonized System (HS) is an international standard for classifying products, enabling countries to easily identify and categorize traded goods. HS codes consist of six digits, with additional digits providing more detailed descriptions of the products. In the case of HS Code 84771090, the code provides specific information about injection-molding machines used for rubber or plastics.
Bound / MFN (Most Favored Nation) duty rate for HS Code 84771090 is 3.1%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 3.1% for similar goods or services from all its trading partners. This rate ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 84771090 is the number (NO), which indicates the number of injection-molding machines being imported or exported.
There are also special tariff preference programs associated with HS Code 84771090. These programs provide certain countries with preferential treatment, resulting in reduced or eliminated duty rates. The following special tariff preference programs apply to HS Code 84771090:
It is worth noting that the information provided above is based on the current data available for HS Code 84771090. Tariff rates and special preference programs may change over time, so it is essential to consult the relevant authorities and stay updated on the latest regulations.
Importing states in the United States for products classified under HS Code 84771090 include Wyoming and West Virginia. On the other hand, exporting states for these products include Vermont. Vermont has been a significant exporter of injection-molding machines for rubber or plastics, contributing to the growth and development of the manufacturing industry.
HS Code 84771090 refers to injection-molding machines used for working or manufacturing products from rubber or plastics. This code helps in identifying and categorizing these machines for international trade. Understanding the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with HS Code 84771090 is crucial for importers, exporters, and manufacturers involved in the production and trade of injection-molding machines.