Machinery for molding or otherwise forming rubber or plastics, classified under HS Code 84775901, refers to equipment used in the manufacturing process of rubber or plastic products. This machinery is specifically designed for molding or shaping rubber or plastics, excluding the molding or retreading of pneumatic tires.
When importing or exporting machinery under HS Code 84775901, it is important to understand the associated duties and tariff preferences. The bound or Most-Favored-Nation (MFN) duty rate for this HS code is 3.1%. This means that countries must apply the same duty rate for this machinery to all its trading partners. If a country lowers a trade barrier or opens up a market, it must do so for all its trading partners.
The quantity unit for HS Code 84775901 is measured in numbers (NO), indicating the number of machinery units being imported or exported.
There are several special tariff preference programs available for machinery under this HS code. These programs provide certain countries with preferential treatment or exemptions from duties. The following countries are eligible for special tariff preferences:
When it comes to importing machinery under HS Code 84775901 to the United States, the data shows that the state of Wyoming is the main importing state. However, there is no information available regarding the main exporting states within the US.
Machinery for molding or otherwise forming rubber or plastics plays a crucial role in various industries. It enables the manufacturing of a wide range of rubber or plastic products, including household items, automotive parts, packaging materials, and more. The utilization of this machinery contributes to the growth and development of the rubber and plastics industry.
HS Code 84775901 refers to machinery used for molding or otherwise forming rubber or plastics. Understanding the associated duties, tariff preferences, and special programs is essential for importers and exporters. This machinery plays a significant role in the manufacturing process, contributing to the production of various rubber and plastic products.