HS Code 84831050: Transmission Shafts and Cranks
Transmission shafts and cranks are vital components in various mechanical systems, playing a crucial role in transmitting power and motion. The HS code 84831050 specifically refers to transmission shafts and cranks that are not camshafts or crankshafts. In this article, we will delve into the details of this HS code, exploring its product description, duty rates, special tariff preference programs, and the states involved in its import and export.
Product Description: Transmission shafts and cranks are essential parts of many mechanical devices, enabling the transfer of power between different components. While camshafts and crankshafts have their specific HS codes, 84831050 encompasses all other types of transmission shafts and cranks. These components are used in a wide range of industries, including automotive, aerospace, and industrial machinery.
Duty Rates: The bound or Most Favored Nation (MFN) duty rate for HS code 84831050 is free. This means that no import duties are imposed by countries when importing transmission shafts and cranks under this HS code. It is important to note that the MFN duty rate applies whenever a country lowers a trade barrier or opens up a market. This ensures that the same goods or services receive identical treatment from all trading partners.
Quantity Unit: The quantity unit for HS code 84831050 is kilograms (KG). This unit of measurement is used to determine the weight of transmission shafts and cranks being imported or exported.
Special Tariff Preference Programs: Transmission shafts and cranks classified under HS code 84831050 enjoy special tariff preference programs in several countries. These programs provide duty-free treatment to promote trade and strengthen economic ties. The following countries have implemented special tariff preference programs for this HS code:
- Generalized System of Preferences (GSP) - Duty-free treatment
- Australia - Special rate
- Bahrain - Special rate
- Canada (NAFTA) - Duty-free treatment
- Chile - Special rate
- Caribbean Basin Initiative (CBI)
- Israel - Special rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan - Special rate
- Morocco - Special rate
- Mexico (NAFTA) - Duty-free treatment
- Oman - Special rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru - Special rate
- Singapore - Special rate
These special tariff preference programs aim to facilitate trade and reduce barriers by offering favorable treatment to the importation of transmission shafts and cranks.
Importing US States: HS code 84831050 is imported into several US states. The following states are involved in the importation of transmission shafts and cranks classified under this HS code:
- Colorado
- Florida
- Kansas
- New Hampshire
- Oklahoma
These states actively engage in the importation of transmission shafts and cranks, recognizing the importance of these components in their respective industries.
Exporting US States: On the other hand, the following US states are involved in the exportation of transmission shafts and cranks classified under HS code 84831050:
- New Hampshire
- North Carolina
- Virgin Islands
These states play a significant role in supplying transmission shafts and cranks to international markets, contributing to the global trade of these essential components.
HS code 84831050 represents transmission shafts and cranks other than camshafts and crankshafts. This code is used to classify these components for import and export purposes. Understanding the details of this HS code, including its product description, duty rates, special tariff preference programs, and the states involved in its import and export, provides valuable insights into the global trade of transmission shafts and cranks.
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