The HS Code 84775100 refers to machinery used for molding or retreading pneumatic tires or for molding or otherwise forming inner tubes. This code is used to classify and categorize this specific type of machinery for international trade and customs purposes. Understanding the HS code is essential for importers, exporters, and customs officials to ensure accurate classification and proper documentation for the goods being traded.
The product description provides a clear indication of the type of machinery covered by this HS code. It includes machines that are specifically designed for the molding or retreading of pneumatic tires, as well as machines used for forming inner tubes. These machines play a crucial role in the tire manufacturing and retreading industry, as they enable the production and refurbishment of tires and inner tubes.
The bound or Most Favored Nation (MFN) duty rate for HS Code 84775100 is 3.1%. The MFN duty rate is the standard rate applied to imports and is usually the same for all countries. It ensures that when 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. This promotes fair and equal treatment in international trade.
The quantity unit for this HS code is a number (NO), which indicates that the quantity is measured in numeric units rather than weight or volume. This unit of measurement is commonly used for machinery and equipment.
Special tariff preference programs can provide certain countries with preferential treatment or exemptions from duties for specific HS codes. In the case of HS Code 84775100, several special tariff preference programs apply:
These special rates or exemptions may vary depending on the country of origin or destination, and importers and exporters should consult the specific regulations and agreements in place to determine the applicable rates for their trade transactions.
When it comes to importing the machinery covered by HS Code 84775100, the data provided does not specify the exporting US states. However, if we consider the importing US state, Wyoming is mentioned. This indicates that there is a demand for this type of machinery in Wyoming, where businesses or industries may rely on importing it for their tire manufacturing or retreading operations.
To summarize, HS Code 84775100 represents machinery used for molding or retreading pneumatic tires or for molding or otherwise forming inner tubes. It has a bound or MFN duty rate of 3.1% and is measured in numeric units. Various special tariff preference programs provide exemptions or preferential treatment for certain countries. Importing US state Wyoming is mentioned, suggesting a demand for this machinery in that region.