The HS Code 84829905 refers to inner or outer rings or races for ball bearings. This code is used to classify and identify specific goods for international trade purposes. Understanding this code is important for importers, exporters, and customs authorities to ensure accurate classification and proper documentation.
The product description for HS Code 84829905 is inner or outer rings or races for ball bearings. Inner rings are the part of a bearing that is mounted on the shaft, while outer rings are the part that houses the bearing and is mounted in the housing. Races, on the other hand, are the tracks on which the balls or rollers of the bearing roll. These components are crucial for the proper functioning of ball bearings in various applications.
The bound / MFN (Most Favored Nation) duty rate for HS Code 84829905 is 9.9%. 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. The duty rate is the percentage of the value of the goods that needs to be paid as an import duty.
The quantity unit for HS Code 84829905 is number (NO), indicating that the quantity of the goods is measured in the number of units. This allows for precise tracking and documentation of the quantity of inner or outer rings or races for ball bearings being imported or exported.
There are several special tariff preference programs applicable to HS Code 84829905. Some of these programs offer duty-free treatment, while others have specific tariff rates. Here are the programs and their details:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing reduced or eliminated import duties on specific goods.
The following US states import inner or outer rings or races for ball bearings classified under HS Code 84829905:
These states have a demand for these components, possibly due to their manufacturing or industrial activities. Importers in these states can benefit from the special tariff preference programs mentioned earlier to reduce import costs.
The following US states export inner or outer rings or races for ball bearings classified under HS Code 84829905:
These states have a supply of these components, indicating their manufacturing capabilities in the ball bearing industry. Exporters from these states can take advantage of international demand for these products.
HS Code 84829905 represents inner or outer rings or races for ball bearings. Understanding this code is essential for accurate classification, proper documentation, and taking advantage of special tariff preference programs. Importers, exporters, and customs authorities should be familiar with this HS code to facilitate international trade in ball bearing components.