Machinery plays a crucial role in various industries, and one such category is machinery for public works, building, or the like. This article will explore the HS Code 84791000 in detail, providing an extensive understanding of its product description, duty rates, quantity unit, special tariff preference programs, and information on importing and exporting to and from the United States.
The HS Code 84791000 refers to machinery used for public works, building construction, or related activities that do not fall under any other specified category. This includes a wide range of equipment and machinery used in construction projects, roadworks, infrastructure development, and similar applications. It encompasses various types of machinery, such as excavators, bulldozers, cranes, pavers, and more.
The bound or MFN (Most Favored Nation) duty rate for HS Code 84791000 is free. This means that every time 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 duty-free treatment encourages international trade by eliminating or reducing import taxes, making it more cost-effective for businesses to engage in cross-border transactions involving machinery in this category.
The quantity unit for HS Code 84791000 is measured in numbers (NO). This unit signifies the count or quantity of machinery units being imported or exported.
HS Code 84791000 is eligible for various special tariff preference programs. These programs offer preferential treatment, including duty-free or reduced-duty rates, for specific countries. The following countries have special tariff preference programs for this HS Code:
These special tariff preference programs aim to promote trade between the United States and these countries, providing benefits for both importers and exporters by reducing or eliminating import duties on machinery within this category.
When it comes to importing machinery under HS Code 84791000 into the United States, various states serve as major import destinations. Some of the prominent importing states include California, Texas, New York, Florida, and Illinois. These states have significant construction and infrastructure projects, making them prime locations for the importation of machinery for public works and building construction.
On the other hand, the United States also exports machinery falling under HS Code 84791000 to several countries worldwide. Some of the major exporting states include California, Texas, Michigan, Illinois, and Ohio. These states house manufacturing facilities and have a strong presence of machinery manufacturers, allowing them to export these products to meet the global demand.
HS Code 84791000 represents machinery used in public works, building construction, and related activities. It enjoys a bound or MFN duty rate of free, making it more accessible for international trade. Importers and exporters can benefit from various special tariff preference programs, while specific US states play significant roles in both importing and exporting machinery in this category. Understanding the HS Code and its associated details is vital for businesses involved in the import and export of machinery for public works and building construction.