Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 84831030: Camshafts and Crankshafts nesi

Camshafts and crankshafts are vital components in the functioning of internal combustion engines. They play a crucial role in converting the linear motion of pistons into rotational motion, which ultimately powers the vehicle. The HS Code 84831030 specifically refers to camshafts and crankshafts that are not elsewhere specified or included (nesi).

When it comes to international trade, HS codes are used to classify products for customs and statistical purposes. The HS Code 84831030 helps in identifying and categorizing camshafts and crankshafts, making it easier for countries to regulate and monitor their import and export activities.

The bound or most-favored-nation (MFN) duty rate for HS Code 84831030 is 2.5%. This means that when 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 ensures fair and equal treatment for all countries involved in trade.

The quantity unit for HS Code 84831030 is the number (NO). This unit indicates that the quantity of camshafts and crankshafts is measured in individual units.

There are several special tariff preference programs that offer duty-free treatment for imports of camshafts and crankshafts under HS Code 84831030. These programs include:

• Generalized System of Preferences (GSP): This program grants duty-free treatment to eligible products from developing countries.
• Australia Special Rate: Australia has a specific agreement that allows duty-free treatment for automotive products, including camshafts and crankshafts.
• Automotive Products Trade Act (APTA): This act provides duty-free treatment for automotive products, benefiting countries such as Bahrain, Chile, Israel, Jordan, Morocco, Oman, and Singapore.
• Agreement on Trade in Civil Aircraft: This agreement extends duty-free treatment to camshafts and crankshafts used in civil aircraft.
• NAFTA: The North American Free Trade Agreement grants duty-free treatment for camshafts and crankshafts traded between Canada, Mexico, and the United States.
• Caribbean Basin Initiative (CBI): This initiative promotes economic development in the Caribbean region by granting duty-free treatment to certain products, including camshafts and crankshafts.
• Andean Trade Preference Act (ATPA): ATPA offers duty-free treatment for eligible products from Colombia, Ecuador, and Peru, including camshafts and crankshafts.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This agreement provides duty-free treatment for products traded between the United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua.

When it comes to importing camshafts and crankshafts under HS Code 84831030, several US states are actively involved. These states include Colorado, Florida, Kansas, New Hampshire, and Oklahoma. These states have a demand for these components, either for domestic use or for further distribution to other states.

On the exporting side, New Hampshire, North Carolina, and the Virgin Islands are the primary US states involved in shipping camshafts and crankshafts under HS Code 84831030. These states have manufacturing facilities or trade networks that cater to the international demand for these components.

HS Code 84831030 represents camshafts and crankshafts that are not elsewhere specified or included. This code helps in the classification and regulation of these components in international trade. With a bound duty rate of 2.5% and various special tariff preference programs offering duty-free treatment, countries have the opportunity to trade these components in a fair and mutually beneficial manner.