HS Code 84659500: Drilling or Mortising Machines for Working Wood, Cork, Bone, Hard Rubber, Hard Plastics, or Similar Hard Materials
Drilling or mortising machines play a crucial role in the woodworking industry, allowing for precise and efficient cutting, drilling, and shaping of various materials. Under the HS Code 84659500, these machines are specifically designed for working with wood, cork, bone, hard rubber, hard plastics, or similar hard materials.
The HS Code 84659500 is used to classify and regulate the import and export of drilling or mortising machines worldwide. It provides a standardized system that helps facilitate international trade by ensuring that customs authorities and traders can easily identify and categorize different types of machinery.
When importing or exporting drilling or mortising machines under the HS Code 84659500, it is important to consider the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for this HS code is 3%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for this HS code is the number (NO), which indicates the number of drilling or mortising machines being imported or exported.
There are also special tariff preference programs available for products classified under HS Code 84659500. These programs provide preferential treatment in terms of duty rates for specific countries. Some of the special tariff preference programs applicable to this HS code include:
1. Free: Generalized System of Preferences (GSP) - This program offers duty-free treatment for eligible products from various developing countries.
2. Australia Special Rate: Australia has a specific rate for imports of drilling or mortising machines under HS Code 84659500.
3. Bahrain Special Rate: Bahrain offers a special rate for products classified under this HS code.
4. NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), Canada provides duty-free treatment for drilling or mortising machines.
5. Chile Special Rate: Chile has a specific rate for imports of drilling or mortising machines under this HS code.
6. Caribbean Basin Initiative (CBI): The CBI provides duty-free treatment for eligible products from certain Caribbean countries.
7. Israel Special Rate: Israel offers duty-free treatment for products classified under HS Code 84659500.
8. Andean Trade Preference Act (ATPA): The ATPA provides preferential treatment for eligible products from Andean countries.
9. Jordan Special Rate: Jordan has a specific rate for imports of drilling or mortising machines under this HS code.
10. Morocco Special Rate: Morocco offers a special rate for products classified under HS Code 84659500.
11. NAFTA for Mexico: Similar to Canada, Mexico provides duty-free treatment for drilling or mortising machines under NAFTA.
12. Oman Special Rate: Oman has a specific rate for imports of drilling or mortising machines under this HS code.
13. Dominican Republic-Central American Special Rate (DR-CAFTA): The DR-CAFTA provides preferential treatment for eligible products from the Dominican Republic and Central American countries.
14. Peru Special Rate: Peru offers a special rate for products classified under this HS code.
15. Singapore Special Rate: Singapore has a specific rate for imports of drilling or mortising machines under HS Code 84659500.
When importing drilling or mortising machines into the United States, it is essential to consider the specific regulations and requirements of individual states. Likewise, when exporting these machines from the United States, it is crucial to be aware of the regulations in the destination country.
the HS Code 84659500 provides a standardized classification system for drilling or mortising machines used in woodworking and related industries. Understanding the duty rates and special tariff preference programs associated with this HS code is essential for smooth and cost-effective international trade.
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