Marine propulsion spark-ignition reciprocating or rotary internal-combustion piston engines for outboard motors fall under HS Code 84072100. This code is used to classify and identify these specific types of engines for international trade purposes.
These engines are designed and manufactured for the purpose of powering outboard motors used in various marine applications. They are commonly found in boats and other watercraft to provide the necessary propulsion for movement on water.
The HS Code 84072100 provides a standardized classification system that helps in regulating trade and tracking the import and export of these engines. It ensures that countries have a common understanding of the product being traded and helps in maintaining consistency in trade policies.
When it comes to international trade, countries often impose duties or tariffs on imported goods to protect domestic industries and regulate trade. However, certain special tariff preference programs allow for duty-free treatment or reduced tariffs for specific goods from certain countries.
According to the data provided, the bound/MFN (Most Favored Nation) duty rate for engines classified under HS Code 84072100 is free. This means that countries are not required to pay any duties when importing or exporting these engines.
In addition to the general duty-free treatment, there are several special tariff preference programs available for these engines. Countries such as Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and others enjoy special rates or duty-free treatment when trading these engines with the United States.
For example, the Generalized System of Preferences (GSP) offers duty-free treatment for these engines from various countries. The North American Free Trade Agreement (NAFTA) provides duty-free treatment for engines traded between the United States, Canada, and Mexico.
Other programs like the Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) also offer special rates or duty-free treatment for engines traded with the United States.
The quantity unit for these engines is measured in numbers (NO). This unit indicates that the quantity of engines being traded is measured in individual units.
It is important for importers and exporters of these engines to be aware of the HS Code 84072100 and the associated tariff preference programs. Understanding these codes and programs can help businesses take advantage of duty-free treatment or reduced tariffs, which can significantly impact the cost of trade and competitiveness in the international market.
HS Code 84072100 classifies marine propulsion spark-ignition reciprocating or rotary internal-combustion piston engines for outboard motors. This code is essential for international trade and provides a standardized classification system for these engines. The data indicates that there are special tariff preference programs and duty-free treatment available for these engines when trading with specific countries. Importers and exporters should be aware of these programs to optimize their trade operations.