Ball or roller bearings are essential components in various industries and applications. They are used to reduce friction between moving parts and provide smooth rotational motion. The HS Code 84828000 specifically refers to ball or roller bearings nesi (not elsewhere specified or included), including combined ball/roller bearings. This code helps classify and track these products in international trade.
Ball or roller bearings are widely used in automotive, aerospace, industrial machinery, and other sectors. They come in various sizes and designs, depending on the specific application requirements. These bearings are crucial for ensuring the efficient functioning and longevity of machinery and equipment.
The HS Code 84828000 is used to identify and categorize these bearings for customs and trade purposes. It helps customs authorities and businesses accurately classify and track the import and export of ball or roller bearings. By using this code, governments and organizations can monitor trade flows, enforce regulations, and gather statistical data.
When importing ball or roller bearings with HS Code 84828000 into the United States, there are certain considerations to keep in mind. The quantity unit is measured in numbers (NO), indicating the number of bearings being imported. Additionally, specific tariff rates may apply depending on the country of origin.
The bound or most-favored-nation (MFN) duty rate for HS Code 84828000 is 5.8%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate ensures fair and equal treatment for all trading partners in terms of import duties.
However, there are special tariff preference programs that offer duty-free treatment for ball or roller bearings under HS Code 84828000. These programs include:
These special tariff preference programs aim to promote trade and economic development by reducing or eliminating import duties on ball or roller bearings from specific countries or regions.
In the United States, the HS Code 84828000 is imported by several states, including Colorado, Florida, Kansas, New Hampshire, and Oklahoma. These states have a demand for ball or roller bearings for various industries and applications. The import of these bearings contributes to the growth and productivity of these states' economies.
On the other hand, the exporting states for HS Code 84828000 in the United States include New Hampshire, North Carolina, and the Virgin Islands. These states are known for their manufacturing capabilities and export ball or roller bearings to meet the global demand.
the HS Code 84828000 plays a crucial role in classifying and tracking ball or roller bearings in international trade. This code helps customs authorities, businesses, and governments monitor trade flows, enforce regulations, and gather statistical data. Ball or roller bearings are vital components in various industries, and the accurate classification and tracking of these products ensure fair trade practices and economic development.