The HS Code 84831010 refers to camshafts and crankshafts that are used solely or primarily with spark-ignition internal-combustion piston or rotary engines. These components play a crucial role in the operation of engines, ensuring the proper timing and movement of valves and pistons. In this article, we will explore the details of this HS code, including its product description, duty rates, special tariff preference programs, and the states involved in importing and exporting these goods.
The product description for HS Code 84831010 specifies that it includes camshafts and crankshafts designed for use with spark-ignition internal-combustion piston or rotary engines. Camshafts are responsible for controlling the opening and closing of valves, while crankshafts convert the reciprocating motion of pistons into rotational motion. Both components are essential for the proper functioning of spark-ignition engines.
The bound or MFN (Most Favored Nation) duty rate for HS Code 84831010 is 2.5%. 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. The duty rate is applied to the customs value of the imported camshafts and crankshafts.
HS Code 84831010 is eligible for various special tariff preference programs, which provide duty-free treatment for imports. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods.
HS Code 84831010 is imported into the following US states:
These states have a demand for camshafts and crankshafts for use in spark-ignition engines, likely due to their automotive manufacturing or repair industries.
The US states involved in exporting camshafts and crankshafts under HS Code 84831010 are:
These states are likely home to manufacturing facilities or companies that specialize in producing camshafts and crankshafts for export.
HS Code 84831010 covers the import and export of camshafts and crankshafts for spark-ignition engines. These components are vital for the proper functioning of engines and are subject to a 2.5% duty rate. However, several special tariff preference programs offer duty-free treatment for these goods. The importation of HS Code 84831010 is prominent in states like Colorado, Florida, Kansas, New Hampshire, and Oklahoma, while exports primarily originate from New Hampshire, North Carolina, and the Virgin Islands.