Taps, cocks, valves, and similar appliances are essential components in various industries and applications. They are used to control the flow of liquids and gases in pipes, boiler shells, tanks, vats, and similar equipment. HS Code 84818050 specifically refers to hand-operated taps, cocks, valves, and similar appliances that are not made of copper, iron, or steel.
These products play a crucial role in industries such as plumbing, manufacturing, oil and gas, water treatment, and many others. They allow for efficient and precise control of fluid flow, ensuring the safe and reliable operation of various systems and processes.
When it comes to international trade, HS Code 84818050 is subject to certain regulations and tariffs. The bound or most-favored-nation (MFN) duty rate for this HS code is 3%. This means that every time 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.
In addition to the MFN duty rate, there are also special tariff preference programs associated with HS Code 84818050. These programs provide preferential treatment in terms of duty rates for specific countries. For example, the Generalized System of Preferences (GSP) offers duty-free treatment for this product to countries such as Australia, Canada, Chile, Israel, Jordan, Mexico, Peru, Singapore, and others.
Furthermore, the Automotive Products Trade Act (APTA) provides duty-free treatment for HS Code 84818050 for Australia, the Caribbean Basin Initiative (CBI) offers duty-free treatment for Israel, and the Andean Trade Preference Act (ATPA) provides duty-free treatment for Jordan and Morocco.
Importing of HS Code 84818050 is primarily done by several states in the United States. These states include North Carolina, Oklahoma, Alabama, Alaska, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, New Mexico, South Carolina, Tennessee, Texas, and Vermont. These states have a demand for taps, cocks, valves, and similar appliances to support their various industries and infrastructure.
On the other hand, exporting of HS Code 84818050 is primarily done by states such as Arizona, Arkansas, Colorado, Connecticut, Illinois, Nevada, New Mexico, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, Texas, Vermont, and Wisconsin. These states have a strong manufacturing base and export these products to cater to the needs of other countries.
HS Code 84818050 encompasses taps, cocks, valves, and similar appliances that are hand-operated and not made of copper, iron, or steel. These products are essential in various industries and applications, allowing for the efficient control of fluid flow. They are subject to certain regulations and tariffs in international trade, including a bound or MFN duty rate of 3% and special tariff preference programs for specific countries. Importing and exporting of these products are primarily done by specific states in the United States, reflecting the demand and manufacturing capabilities of these regions.