The HS Code 84832040 refers to housed bearings of the flange, take-up, cartridge, and hanger unit type that incorporate ball or roller bearings. These bearings are widely used in various industries, providing support and enabling smooth rotation for different machinery and equipment.
When it comes to international trade, understanding the HS code classification system is crucial. The HS code serves as a standardized classification for products traded globally, allowing customs authorities and traders to identify specific goods and apply the correct customs duties and regulations.
The product description for HS Code 84832040 includes housed bearings of various types, such as flange, take-up, cartridge, and hanger unit bearings. These bearings are designed to be mounted in a housing, providing support and allowing rotational movement. They incorporate either ball or roller bearings, depending on the specific application and load requirements.
Housed bearings are commonly used in industries such as manufacturing, agriculture, automotive, and construction. They are found in a wide range of equipment, including conveyor systems, pumps, motors, fans, and agricultural machinery.
The bound / MFN (Most Favored Nation) duty rate for HS Code 84832040 is 4.5%. The MFN principle states that when 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. This ensures fair and non-discriminatory treatment among trading nations.
Importers of housed bearings classified under HS Code 84832040 should be aware of the applicable duty rate and factor it into their cost calculations. However, it is important to note that duty rates can vary depending on trade agreements, special tariff preference programs, and the importing country's regulations.
HS Code 84832040 is eligible for various special tariff preference programs, which provide duty-free treatment or reduced rates for specific countries. The following programs apply to the import of housed bearings:
Importers should familiarize themselves with the specific requirements and eligibility criteria of these special tariff preference programs to take advantage of the duty-free treatment or reduced rates.
HS Code 84832040 is imported into various states in the United States. The following states are known for their imports of housed bearings:
These states have industries that heavily rely on machinery and equipment that require housed bearings for smooth operation. Importers in these states should ensure compliance with customs regulations, including proper classification, documentation, and payment of duties, to facilitate the importation process.
While the data provided does not specify the exporting US states for HS Code 84832040, it is essential to consider the potential for export opportunities from various states across the country. Industries in states such as New Hampshire, North Carolina, and the Virgin Islands may have manufacturing capabilities and demand for housed bearings, making them potential exporting states.
Exporters should explore market opportunities, establish trade relationships, and comply with export regulations to tap into potential export markets for housed bearings.
HS Code 84832040 represents housed bearings of the flange, take-up, cartridge, and hanger unit type that incorporate ball or roller bearings. Understanding the HS code classification, duty rates, special tariff preference programs, and import/export states is crucial for businesses engaged in the import and export of these bearings. Compliance with customs regulations and leveraging trade agreements can lead to cost savings and market opportunities for importers and exporters alike.