Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 84829925: Inner or Outer Rings or Races for Other Bearings, Nesi

The HS Code 84829925 refers to the product description of Inner or Outer Rings or Races for Other Bearings, Nesi. This code is used internationally to classify and categorize goods for import and export purposes. Understanding the HS code is essential for businesses involved in international trade as it helps in determining the applicable tariffs, duties, and regulations.

Product Description

• HS Code: 84829925
• Product Description: Inner or outer rings or races for other bearings, nesi

Inner or outer rings or races for other bearings, nesi, covers a wide range of components that are used in the manufacturing and assembly of various types of bearings. These rings or races ensure proper alignment and smooth rotation of the bearing components, thereby enhancing the overall performance and longevity of the bearings.

Bound / MFN Duty Rate

The bound or MFN (Most Favored Nation) duty rate for HS Code 84829925 is 5.8%. 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 applied to the declared value of the goods during importation.

Quantity Unit

The quantity unit for HS Code 84829925 is "number" (NO), which signifies that the quantity is measured in the number of units imported or exported.

Special Tariff Preference Programs

HS Code 84829925 is eligible for various special tariff preference programs, which can affect the duty rates applied to imports. The following programs provide either duty-free treatment or reduced duty rates:

• Free: Only imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
• Australia Special Rate: Automotive Products Trade Act (APTA) grants duty-free treatment to imports from Australia.
• Bahrain Special Rate: Duty-free treatment for imports from Bahrain.
• NAFTA for Canada: Imports from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Duty-free treatment for imports from Chile.
• Africa Growth and Opportunity Act (AGOA): Duty-free treatment for imports from beneficiary countries under AGOA.
• Caribbean Basin Initiative (CBI): Duty-free treatment for imports from eligible countries under CBI.
• Israel Special Rate: Duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA): Duty-free treatment for imports from beneficiary countries under ATPA.
• Jordan Special Rate: Duty-free treatment for imports from Jordan.
• NAFTA for Mexico: Imports from Mexico receive duty-free treatment under NAFTA.
• Oman Special Rate: Duty-free treatment for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Duty-free treatment for imports from beneficiary countries under DR-CAFTA.
• Peru Special Rate: Duty-free treatment for imports from Peru.
• Singapore Special Rate: Duty rate of 2.5% for imports from Singapore.
• Morocco Special Rate: Duty rate of 2.5% for imports from Morocco.

Importing US States

The following US states import products classified under HS Code 84829925:

• Colorado
• Florida
• Kansas
• New Hampshire
• Oklahoma

These states have businesses and industries that rely on the importation of Inner or Outer Rings or Races for Other Bearings, Nesi. The importers in these states should be familiar with the applicable tariffs, duty rates, and regulations related to HS Code 84829925.

Exporting US States

The following US states export products classified under HS Code 84829925:

• New Hampshire
• North Carolina
• Virgin Islands

These states have industries involved in the manufacturing and production of Inner or Outer Rings or Races for Other Bearings, Nesi. They export these components to other states or countries, contributing to the global supply chain.

HS Code 84829925 represents Inner or Outer Rings or Races for Other Bearings, Nesi. Understanding this code is crucial for importers, exporters, and businesses involved in the global trade of bearing components. It helps in determining the applicable duty rates, special tariff preference programs, and import/export regulations. Additionally, knowing the specific US states involved in the importation and exportation of these products can provide valuable insights for businesses in these regions.