HS Code 84818010 refers to taps, cocks, valves, and similar appliances for pipes, boiler shells, tanks, vats, or the like. These products are hand-operated and made of copper, not elsewhere specified or included (nesi). This specific HS code plays a crucial role in international trade, as it helps regulate the import and export of these goods.
HS codes are a standardized system used globally to classify and identify products for import and export purposes. The Harmonized System (HS) was developed by the World Customs Organization (WCO) and is widely adopted by countries around the world. Each HS code consists of a unique six-digit number, which provides detailed information about the product.
In the case of HS Code 84818010, it specifically relates to taps, cocks, valves, and similar appliances made of copper. These products are designed to control the flow of liquids or gases in various industrial applications. They are commonly used in plumbing systems, boiler shells, tanks, vats, and similar equipment.
When importing products classified under HS Code 84818010, it is essential to be aware of the applicable import duty rates. The bound or most-favored-nation (MFN) duty rate for this HS code is 4%. This means that every country must apply the same duty rate when lowering trade barriers or opening up markets for these goods.
However, it is crucial to note that special tariff preference programs exist for HS Code 84818010. These programs offer duty-free treatment for specific countries or regions. For example, the Generalized System of Preferences (GSP) provides duty-free treatment for eligible countries. Additionally, countries like Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, and Singapore have their own special rates or preferential trade agreements for these products.
HS Code 84818010 has varied import and export patterns within the United States. Based on the available data, the following states are the primary importers of these products: North Carolina, Oklahoma, Alabama, Alaska, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, New Mexico, South Carolina, Tennessee, Texas, and Vermont.
On the other hand, the main exporting states for products classified under HS Code 84818010 are Arizona, Arkansas, Colorado, Connecticut, Illinois, Nevada, New Mexico, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, Texas, and Vermont.
HS Code 84818010 plays a vital role in regulating the import and export of taps, cocks, valves, and similar appliances made of copper. Understanding the HS code system is crucial for businesses involved in international trade, as it helps ensure compliance with customs regulations and facilitates smooth cross-border transactions. By knowing the import duty rates and special tariff preference programs, importers and exporters can make informed decisions and take advantage of available trade benefits.