When it comes to international trade, there are several codes and classifications that help identify and categorize products. One such code is the Harmonized System (HS) code, which is used globally to classify goods based on their nature, composition, and purpose. In this article, we will explore the HS code 84829915, which refers to inner or outer rings or races for taper roller bearings.
Taper roller bearings are a type of rolling element bearing commonly used in machinery and automotive applications. They are designed to handle both radial and axial loads, making them ideal for applications where high load capacity and durability are required. Inner and outer rings, or races, are essential components of taper roller bearings, providing support and maintaining alignment between the rolling elements.
The HS code 84829915 specifically covers inner or outer rings or races for taper roller bearings. This code helps customs authorities and traders identify and classify these specific components, facilitating international trade and ensuring the correct application of import and export regulations.
Understanding the import duty and applicable tariff preference programs associated with a specific HS code is crucial for businesses engaged in international trade. For HS code 84829915, the bound / MFN (Most Favored Nation) duty rate 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.
However, there are certain special tariff preference programs that provide exemptions or reduced duty rates for imports of inner or outer rings or races for taper roller bearings. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing incentives for certain imports. Businesses involved in the import and export of inner or outer rings or races for taper roller bearings should familiarize themselves with these programs to take advantage of potential cost savings and market opportunities.
The data provided for HS code 84829915 includes information on importing and exporting US states. This information can be useful for businesses looking to target specific markets or identify potential trade partners within the United States.
The importing US states for inner or outer rings or races for taper roller bearings include:
These states have been identified as significant importers of the specified product, indicating potential market demand and business opportunities.
On the other hand, the exporting US states for inner or outer rings or races for taper roller bearings are:
These states are known for their manufacturing capabilities and serve as potential sources for exports of inner or outer rings or races for taper roller bearings.
HS code 84829915 represents inner or outer rings or races for taper roller bearings. Understanding the import duty rates and tariff preference programs associated with this code can help businesses optimize their international trade operations. Additionally, identifying importing and exporting US states provides valuable insights into market opportunities and potential trade partnerships.