The HS Code 84829100 refers to balls, needles, and rollers that are specifically designed for ball or roller bearings. These components play a crucial role in the functioning of bearings, which are used in various mechanical systems and equipment.
The product description provides a clear understanding of what falls under this HS code. Balls, needles, and rollers are essential parts of ball or roller bearings, which are used to reduce friction and allow smooth movement between two or more surfaces. They are commonly found in machinery, automotive applications, and industrial equipment.
When it comes to international trade, the HS code plays a significant role in classifying goods and determining the applicable customs duties and regulations. The HS code 84829100 specifically identifies balls, needles, and rollers for ball or roller bearings.
It is important to note that the bound or MFN (Most Favored Nation) duty rate for this HS code is 4.4%. This means that every time 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 duty rate applies to the importation of balls, needles, and rollers for ball or roller bearings.
The quantity unit for this HS code is kilograms (KG). This unit is used to measure the weight of the imported or exported balls, needles, and rollers. It is a standardized unit that allows for consistency and accuracy in trade transactions.
There are also special tariff preference programs associated with this HS code. These programs offer different duty rates or exemptions based on certain criteria. For example, imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under this subheading receive duty-free treatment. Additionally, there are special rates for specific countries and regions such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and Morocco.
In terms of importing, the following US states have been identified as importers of balls, needles, and rollers for ball or roller bearings: Colorado, Florida, Kansas, New Hampshire, and Oklahoma. These states are actively engaged in trade and rely on the importation of these components to meet their industrial and commercial needs.
On the other hand, the exporting US states for this HS code include New Hampshire, North Carolina, and the Virgin Islands. These states have a significant presence in the production and exportation of balls, needles, and rollers for ball or roller bearings.
the HS Code 84829100 encompasses balls, needles, and rollers used specifically in ball or roller bearings. These components are vital for reducing friction and enabling smooth movement in various mechanical systems. The code is used for classification, determining customs duties, and regulating international trade. It is important to be aware of the duty rates and special tariff preference programs associated with this HS code when engaging in import or export activities.
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