HS Code 84811000: Pressure-Reducing Valves for Pipes, Boiler Shells, Tanks, Vats or the Like
Pressure-reducing valves play a critical role in various industries, ensuring the safe and efficient operation of pipes, boiler shells, tanks, vats, and similar equipment. With the HS code 84811000, these valves are classified for international trade purposes, allowing countries to regulate their import and export activities related to these essential components.
The HS code 84811000 specifically refers to pressure-reducing valves designed for pipes, boiler shells, tanks, vats, or similar equipment. These valves are responsible for maintaining optimal pressure levels within these systems, preventing potential damage, leaks, or other hazards that may arise due to excessive pressure.
When it comes to international trade, the HS code helps categorize goods for customs and regulatory purposes. It ensures consistency and uniformity in identifying products, enabling countries to apply appropriate duties, tariff preferences, and other trade regulations consistently. In the case of HS code 84811000, the bound or most-favored-nation (MFN) duty rate is 2%.
The bound or MFN duty rate means that whenever 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 principle ensures fair and non-discriminatory trade practices between countries. Importers of pressure-reducing valves classified under HS code 84811000 can expect a 2% duty rate, regardless of the country of origin.
However, there are also special tariff preference programs available for pressure-reducing valves under HS code 84811000. These programs provide duty-free treatment or reduced rates for specific countries. For example, products classified under this HS code enjoy the following tariff preferences:
- Free: Generalized System of Preferences (GSP) (duty-free treatment)
- Australia Special Rate: Automotive Products Trade Act (APTA) (duty-free treatment)
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
These tariff preference programs aim to promote trade and economic cooperation between countries, incentivizing the import and export of pressure-reducing valves under HS code 84811000. Importers and exporters should familiarize themselves with these programs to take advantage of the benefits they offer.
In terms of quantity unit, pressure-reducing valves under HS code 84811000 are measured in numbers (NO). This unit indicates that the valves are typically traded and sold individually, rather than in bulk or by weight.
Looking at the importing US states for pressure-reducing valves under HS code 84811000, we can see that North Carolina and Oklahoma are the primary destinations for these products. However, several other states, including Alabama, Alaska, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, New Mexico, South Carolina, Tennessee, Texas, and Vermont, also import these valves.
On the other hand, the major exporting US states for pressure-reducing valves under HS code 84811000 include Arizona, Arkansas, Colorado, Connecticut, Illinois, Nevada, New Mexico, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, Texas, Vermont, Wisconsin, and Mississippi. These states contribute significantly to the international trade of pressure-reducing valves, ensuring their availability in various markets worldwide.
the HS code 84811000 classifies pressure-reducing valves for pipes, boiler shells, tanks, and vats. This code enables countries to regulate import and export activities related to these valves and ensures consistent application of duties and tariff preferences. Understanding the HS code and associated trade regulations is crucial for importers, exporters, and industry professionals involved in the trade of pressure-reducing valves.
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