HS Code 84807110 refers to molds specifically designed for use in shoe machinery, used in the injection or compression process for rubber or plastics. This code is used to classify and identify these specific types of molds for trade and customs purposes.
When importing or exporting goods, it is important to have a clear understanding of the HS code associated with the product. HS codes are a standardized system used globally to classify and categorize goods for customs, trade, and statistical purposes. They help determine the duty rates, tariff preferences, and any other regulations or requirements associated with the product.
The specific HS code 84807110 indicates that the product is a mold used in the shoe manufacturing industry. These molds are typically used in the injection or compression process to create rubber or plastic components for shoes.
It is important to note that the bound or Most Favored Nation (MFN) duty rate for this product is free. This means 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 helps promote fair and equal trade between countries.
Additionally, there are special tariff preference programs in place for this product. The countries that offer free trade preferences for HS code 84807110 include: Australia, Bahrain, Canada (under NAFTA), Chile, European Union, Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States under various trade agreements.
In terms of importing, the data provided indicates that the states of North Carolina, Oklahoma, Alabama, Alaska, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, New Mexico, South Carolina, Tennessee, Texas, and Vermont are the main destinations for this product in the United States.
On the other hand, the exporting states for HS code 84807110 are Arizona, Arkansas, Colorado, Connecticut, Illinois, Nevada, New Mexico, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, Texas, Vermont, Wisconsin, and Mississippi.
It is important for businesses involved in the trade of molds for rubber or plastics, specifically for shoe machinery, to be aware of the HS code 84807110 and its associated regulations. This knowledge can help ensure smooth customs clearance, accurate tariff calculations, and compliance with any special trade programs or preferences in place.
Overall, HS code 84807110 plays a crucial role in the global trade of molds for rubber or plastics used in shoe machinery. It helps classify and identify these specific products, determines duty rates and tariff preferences, and ensures fair and equal trade between countries.