Ships' or boats propellers and blades therefor fall under the HS code 84871000. This code is used to classify and categorize these specific products for international trade purposes. In this article, we will explore the details of this HS code and provide information on its description, duty rates, special tariff preference programs, and importing/exporting US states.
The HS code 84871000 refers to propellers and blades used for ships or boats. These components are crucial for the propulsion of vessels in water bodies. Propellers are rotating devices that generate thrust and propel the ship or boat forward, while blades are the individual components that make up the propeller.
Propellers and blades come in various sizes, materials, and designs to suit different types of ships and boats. They are manufactured with precision to ensure optimal performance and efficiency in water transportation. Proper maintenance and regular inspection of these components are vital to ensure the safe and effective operation of ships and boats.
Under the MFN (Most Favored Nation) principle, the bound duty rate for HS code 84871000 is free. This means that every country must lower trade barriers or open up their markets equally for the same goods or services from all their trading partners. Therefore, the importation or exportation of ships' or boats' propellers and blades is not subject to any duties.
Several special tariff preference programs provide duty-free treatment for HS code 84871000. These programs aim to encourage trade and economic cooperation between countries. The following countries and regions offer special rates for importing ships' or boats' propellers and blades:
These special tariff preference programs enable eligible countries and regions to import ships' or boats' propellers and blades without any additional duties, promoting trade and economic growth.
When it comes to importing ships' or boats' propellers and blades into the United States, the data indicates that the state of Missouri is the main destination. However, the quantity unit is not available (NA), so the exact amount cannot be determined from the provided data.
On the other hand, the exporting US states for these products include Connecticut. Similar to the import data, the exact quantity unit is not specified, but it suggests that Connecticut is involved in exporting ships' or boats' propellers and blades.
HS code 84871000 represents ships' or boats' propellers and blades. This code helps in categorizing and facilitating international trade of these essential components for water transportation. With duty-free treatment and various special tariff preference programs, importing and exporting countries can benefit from these programs to promote trade and economic cooperation.