When it comes to international trade, the Harmonized System (HS) Code plays a vital role in classifying and identifying various products. In this article, we will take a closer look at HS Code 84149041, which pertains to parts of air or gas compressors not elsewhere specified.
The HS Code 84149041 specifically covers parts that are used in air or gas compressors, but are not classified under any other specific category. These parts may include components such as valves, pistons, cylinders, filters, and other essential elements that are necessary for the functioning of compressors.
One of the key aspects of the HS Code system is the duty rate associated with the import or export of goods. The bound or most-favored-nation (MFN) duty rate for HS Code 84149041 is free. This means that countries must lower trade barriers or open up their markets for the same goods or services from all trading partners. This encourages fair and equal treatment in international trade.
It is important to note that the quantity unit for HS Code 84149041 is not available (NA). This means that the specific unit of measurement for these compressor parts may vary depending on the manufacturer or exporter. It is essential for importers and exporters to clarify the quantity unit with their trading partners to ensure accurate transactions.
Additionally, there are special tariff preference programs in place for HS Code 84149041. These programs provide certain countries with preferential treatment or duty-free access to the US market for these compressor parts. The countries eligible for these special rates include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and several others.
Some of the special tariff preference programs applicable to HS Code 84149041 are the Generalized System of Preferences (GSP), the Automotive Products Trade Act (APTA), the Agreement on Trade in Civil Aircraft, the NAFTA for Canada and Mexico, the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), and the Dominican Republic-Central American Special Rate (DR-CAFTA).
When it comes to importing HS Code 84149041 into the United States, certain states are more active in this trade. Missouri and Wyoming are two states that frequently import these compressor parts. It is worth noting that this information is based on available data and may vary over time.
HS Code 84149041 encompasses parts of air or gas compressors not elsewhere specified. These parts play a crucial role in the functioning of compressors and are subject to specific duty rates and tariff preference programs. Importers and exporters should be aware of the applicable regulations and take advantage of any available special rates to facilitate international trade.