Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 84834070: Speed changers other than fixed, multiple and variable ratio speed changers

Speed changers play a crucial role in various industries, enabling the efficient transfer of power between different mechanical systems. One such speed changer is categorized under HS code 84834070, which refers to speed changers other than fixed, multiple, and variable ratio speed changers.

HS codes are used to classify and categorize products for international trade. They provide a standardized system for identifying and classifying goods, ensuring smooth global trade operations. The HS code 84834070 specifically denotes speed changers that do not fall under the categories of fixed, multiple, or variable ratio speed changers.

When importing products under HS code 84834070, it is essential to be aware of the associated customs duties and special tariff preference programs. The bound or most-favored-nation (MFN) duty rate for this HS code is 25 cents each, along with an additional 3.9% duty when a country reduces trade barriers or opens up its market. This duty applies uniformly to all trading partners of the country.

It is worth noting that certain special tariff preference programs allow for duty-free treatment of products falling under HS code 84834070. These programs include:

• Generalized System of Preferences (GSP): This program provides duty-free treatment for eligible products imported from various countries.
• Australia Special Rate: Australia has a specific tariff preference for speed changers under this HS code.
• Bahrain Special Rate: Bahrain offers a special tariff rate for speed changers falling under this HS code.
• Agreement on Trade in Civil Aircraft: Speed changers covered by this agreement receive duty-free treatment.
• NAFTA for Canada and Mexico: Under the North American Free Trade Agreement (NAFTA), speed changers from Canada and Mexico enjoy duty-free treatment.
• Chile Special Rate: Chile offers a special tariff rate for speed changers under this HS code.
• Caribbean Basin Initiative (CBI): This program provides duty-free treatment for eligible products from the Caribbean Basin region.
• Israel Special Rate: Israel offers a special tariff rate for speed changers falling under this HS code.
• Andean Trade Preference Act (ATPA): Speed changers covered by this act receive special tariff preferences.
• Jordan Special Rate: Jordan offers a specific tariff rate for speed changers under this HS code.
• Morocco Special Rate: Morocco provides a special tariff rate for speed changers falling under this HS code.
• Oman Special Rate: Oman offers a specific tariff rate for speed changers under this HS code.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program provides duty-free treatment for eligible products from the Dominican Republic and Central America.
• Peru Special Rate: Peru offers a special tariff rate for speed changers under this HS code.
• Singapore Special Rate: Singapore provides a specific tariff rate for speed changers falling under this HS code.

When it comes to the quantity unit for imports under HS code 84834070, the unit is "number" (NO). This unit indicates that the quantity is measured by the number of speed changers being imported.

Considering the specific states involved in the import and export of products under HS code 84834070, the following US states have been identified as importing states:

• Colorado
• Florida
• Kansas
• New Hampshire
• Oklahoma

On the other hand, the following US states have been identified as exporting states:

• New Hampshire
• North Carolina
• Virgin Islands

The HS code 84834070 encompasses a wide range of speed changers other than fixed, multiple, and variable ratio speed changers. Understanding the associated duties and special tariff preference programs is crucial for importers and exporters alike. By adhering to these regulations, businesses can ensure smooth international trade operations and take advantage of the benefits provided by various tariff preference programs.