The HS Code 84794000 refers to rope- or cable-making machines that are not elsewhere specified or included. These machines are used in the production of ropes and cables for various purposes. In this article, we will explore the details of this HS code and its implications in international trade.
When importing or exporting products, it is essential to classify them according to the Harmonized System (HS). The HS Code is a standardized system that is used globally to classify and categorize goods. This code helps in determining customs duties, trade statistics, and regulations associated with specific products.
The product description for HS Code 84794000 is "Rope- or cable-making machines nesi." This means that it includes machines that are used in the manufacturing or production of ropes and cables, but are not specified or included in any other HS code.
One important aspect to consider when dealing with HS codes is the bound or Most Favored Nation (MFN) duty rate. The MFN duty rate implies that every time 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. In the case of HS Code 84794000, the bound or MFN duty rate is free, indicating that no customs duties are imposed on the import or export of these machines.
The quantity unit for HS Code 84794000 is a number (NO), indicating that the machines are measured in terms of the number of units imported or exported.
Furthermore, there are several special tariff preference programs associated with HS Code 84794000. These programs provide specific trade benefits or duty-free treatment for certain countries. The countries eligible for these special tariff preference programs for HS Code 84794000 include:
These countries either provide duty-free treatment or have special rates applicable to the import or export of rope- or cable-making machines covered under HS Code 84794000.
HS Code 84794000 represents rope- or cable-making machines that are not elsewhere specified or included. This HS code has a bound or MFN duty rate of free, indicating no customs duties are imposed. The quantity unit is measured in numbers, and there are special tariff preference programs available for certain countries, providing duty-free treatment or special rates for the import or export of these machines. Understanding the HS code and its associated details is crucial for international trade and compliance with customs regulations.