HS Code 84792000: Machinery for the Extraction or Preparation of Animal or Fixed Vegetable Fats or Oils
Machinery plays a crucial role in various industries, including the extraction and preparation of animal or fixed vegetable fats or oils. HS Code 84792000 specifically refers to the machinery used in these processes. In this article, we will explore the details of this HS code, its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
Product Description:
HS Code 84792000 covers a wide range of machinery used for the extraction or preparation of animal or fixed vegetable fats or oils. This encompasses equipment and devices used in processes such as crushing, milling, pressing, refining, and filtering of fats or oils. These machines are essential for industries involved in the production of edible oils, cosmetics, pharmaceuticals, and various other products.
Duty Rates:
The bound / MFN (Most Favored Nation) duty rate for HS Code 84792000 is free. This means that no import duty is charged on these machinery items when they are brought into a country. It is important to note that whenever a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This promotes fair and equal trade opportunities for all countries involved.
Quantity Unit:
The quantity unit for HS Code 84792000 is the number (NO). This implies that the machinery items specified under this code are counted individually rather than measured by weight or volume.
Special Tariff Preference Programs:
Several special tariff preference programs allow for duty-free treatment or special rates for imports of machinery falling under HS Code 84792000. These programs are designed to promote economic cooperation and provide incentives for trade between specific countries. The following countries or regions benefit from these programs:
- Generalized System of Preferences (GSP): This program offers duty-free treatment for eligible products, including machinery, imported from various developing countries.
- Australia Special Rate: Australia enjoys a special rate for imports of machinery under this HS code.
- Bahrain Special Rate: Bahrain benefits from a special rate for imports of machinery falling under HS Code 84792000.
- NAFTA for Canada: Canada enjoys duty-free treatment for the machinery imported under this code through the North American Free Trade Agreement (NAFTA).
- Chile Special Rate: Chile benefits from a special rate for imports of machinery specified under this HS code.
- Caribbean Basin Initiative (CBI): Countries in the Caribbean Basin region can take advantage of duty-free treatment for machinery imports under this program.
- Israel Special Rate: Israel enjoys duty-free treatment for machinery imported under this HS code.
- Andean Trade Preference Act (ATPA): Countries in the Andean region benefit from duty-free treatment for machinery imports under this program.
- Jordan Special Rate: Jordan enjoys a special rate for imports of machinery falling under HS Code 84792000.
- Morocco Special Rate: Morocco benefits from a special rate for imports of machinery specified under this code.
- NAFTA for Mexico: Mexico enjoys duty-free treatment for the machinery imported under this code through NAFTA.
- Oman Special Rate: Oman benefits from a special rate for imports of machinery falling under HS Code 84792000.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Countries in the Dominican Republic-Central American Free Trade Agreement region can take advantage of duty-free treatment for machinery imports under this program.
- Peru Special Rate: Peru benefits from a special rate for imports of machinery specified under this HS code.
- Singapore Special Rate: Singapore enjoys a special rate for imports of machinery falling under HS Code 84792000.
Importing US States and Exporting US States:
HS Code 84792000 applies to machinery imports and exports in the United States. The importing US states and exporting US states for machinery falling under this HS code vary depending on the specific trade agreements, preferences, and business requirements. However, major states involved in the import and export of such machinery include California, Texas, New York, Florida, Illinois, and New Jersey.
HS Code 84792000 covers machinery used for the extraction or preparation of animal or fixed vegetable fats or oils. This code represents an important category of equipment used in various industries. With duty-free treatment and special tariff preference programs in place, the import and export of machinery falling under this HS code are facilitated, promoting international trade and economic cooperation.
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