HS Code 84833040: Bearing Housings of the Flange, Take-up, Cartridge, and Hanger Unit Type

When it comes to international trade, there are various codes and classifications used to categorize different products. One such code is the HS code, which stands for Harmonized System code. The HS code 84833040 specifically refers to bearing housings of the flange, take-up, cartridge, and hanger unit type. Let's explore this HS code in more detail and understand its implications in international trade.

Product Description

Bearing housings are essential components of various machinery and equipment. They provide support and protection to bearings, ensuring their smooth operation. The HS code 84833040 covers bearing housings that belong to the flange, take-up, cartridge, and hanger unit type. These types of bearing housings are commonly used in industrial applications.

Bound / MFN Duty Rate

The bound or most-favored-nation (MFN) duty rate for the HS code 84833040 is 4.5%. 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 4.5% duty rate is applicable to imports of bearing housings of the specified types.

Quantity Unit

The quantity unit for the HS code 84833040 is kilograms (KG). This unit is used to measure the weight of the imported or exported bearing housings. It provides a standardized way to quantify the quantity of goods being traded.

Special Tariff Preference Programs

There are several special tariff preference programs that offer favorable treatment for imports of bearing housings under the HS code 84833040. These programs include:

Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries.
Australia Special Rate: Offers a special rate for imports from Australia.
Bahrain Special Rate: Provides a special rate for imports from Bahrain.
Agreement on Trade in Civil Aircraft: Grants duty-free treatment for bearing housings used in civil aircraft.
NAFTA for Canada: Offers duty-free treatment for imports from Canada under the North American Free Trade Agreement.
Chile Special Rate: Provides a special rate for imports from Chile.
Caribbean Basin Initiative (CBI): Offers duty-free treatment for eligible countries in the Caribbean Basin.
Israel Special Rate: Grants duty-free treatment for imports from Israel.
Andean Trade Preference Act (ATPA): Provides a special rate for imports from eligible Andean countries.
Jordan Special Rate: Offers a special rate for imports from Jordan.
Morocco Special Rate: Provides a special rate for imports from Morocco.
NAFTA for Mexico: Offers duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
Oman Special Rate: Provides a special rate for imports from Oman.
Dominican Republic-Central American Special Rate (DR-CAFTA): Offers a special rate for imports from eligible countries in the Dominican Republic-Central American Free Trade Agreement.
Peru Special Rate: Provides a special rate for imports from Peru.
Singapore Special Rate: Grants duty-free treatment for imports from Singapore.

Importing US States

The following US states import bearing housings under the HS code 84833040:

Colorado
Florida
Kansas
New Hampshire
Oklahoma

Exporting US States

The following US states export bearing housings under the HS code 84833040:

New Hampshire
North Carolina
Virgin Islands

Understanding the HS code 84833040 is crucial for importers, exporters, and customs authorities. It ensures proper classification and facilitates trade by providing a standardized system for identifying and categorizing specific products. By knowing the HS code and its associated details, businesses can navigate international trade more efficiently and take advantage of any special tariff preference programs available.