Taps, cocks, valves, and similar appliances are essential components in various industries and applications. These devices control the flow of fluids or gases in pipes, boiler shells, tanks, vats, and similar equipment. The HS Code 84818030 specifically refers to hand-operated taps, cocks, valves, and similar appliances made of iron or steel, not elsewhere specified or included.
Importers and exporters dealing with these products need to understand the details of this HS Code to comply with trade regulations, determine the applicable duty rates, and identify any special tariff preference programs available.
The product covered under the HS Code 84818030 includes hand-operated taps, cocks, valves, and similar appliances made of iron or steel. These devices are designed to control the flow of fluids or gases in pipes, boiler shells, tanks, vats, or other similar equipment. The HS Code provides a specific classification for these products, ensuring accurate identification and proper trade documentation.
The bound or Most Favored Nation (MFN) duty rate for products classified under HS Code 84818030 is 5.6%. The MFN duty rate is the standard rate applied to imports from all trading partners, ensuring equal treatment for the same goods or services. However, it's important to note that duty rates may vary based on trade agreements, special tariff programs, or specific country exemptions.
Several special tariff preference programs are available for products classified under HS Code 84818030. These programs offer reduced or duty-free treatment, promoting trade and economic cooperation between participating countries. The following special tariff preference programs apply to this HS Code:
Importers should review the specific requirements and eligibility criteria for each program to take advantage of reduced or duty-free treatment for their imports.
The following US states have recorded imports of products classified under HS Code 84818030:
Importers located in these states should be aware of the applicable customs procedures, documentation requirements, and duty rates when importing products classified under HS Code 84818030.
The following US states have recorded exports of products classified under HS Code 84818030:
Exporters located in these states should understand the requirements for exporting products classified under HS Code 84818030, including proper documentation, customs procedures, and compliance with trade regulations.
The HS Code 84818030 covers hand-operated taps, cocks, valves, and similar appliances made of iron or steel. Importers and exporters dealing with these products should familiarize themselves with the specific details of this HS Code, including the product description, duty rates, special tariff preference programs, and relevant importing and exporting states. Compliance with trade regulations and proper utilization of tariff preference programs can contribute to a successful and cost-effective international trade operation.