What is the HS code for cylindrical roller bearings?

What is the HS code for cylindrical roller bearings? Let's delve into the details of this classification code, its significance, and its implications.

The Harmonized System (HS) code is a globally recognized classification system used to categorize and identify traded products. It is a six-digit code that helps streamline international trade by standardizing the classification of goods. The HS code for cylindrical roller bearings is 8482.50.

The HS code 8482.50 falls under Chapter 84 of the Harmonized System, which specifically pertains to machinery and mechanical appliances, including bearings. The first two digits, "84," denote the chapter, while the next two digits, "82," represent the heading for bearings. Finally, the last two digits, "50," identify cylindrical roller bearings within the broader category of bearings.

This classification code is assigned to cylindrical roller bearings due to their unique characteristics and intended use. Cylindrical roller bearings are designed to provide support to heavy radial loads while allowing for high-speed rotational movements. They consist of cylindrical-shaped rolling elements placed between two rings, and their main application lies in various industries, such as automotive, aerospace, and industrial machinery.

The HS code for cylindrical roller bearings serves several important purposes. Firstly, it facilitates the collection and analysis of trade statistics, helping governments and organizations monitor and understand the global flow of goods. It enables policymakers to make informed decisions and develop effective trade policies.

Moreover, the HS code simplifies customs procedures, enabling efficient clearance and reducing potential delays in international trade. Importers and exporters can easily determine the applicable tariffs, duties, and regulations associated with cylindrical roller bearings, ensuring compliance with trade policies and contributing to fair competition in the market.

Additionally, the HS code promotes transparency and consistency in international trade. By providing a standardized classification for cylindrical roller bearings, it helps remove ambiguity and confusion, allowing exporters and importers from different countries to easily communicate and conduct business transactions.

In conclusion, the HS code 8482.50 is designated for cylindrical roller bearings, falling under Chapter 84 of the Harmonized System. This classification code plays a vital role in trade facilitation, statistical analysis, and policy formulation. By using the HS code, businesses can navigate the complexities of international trade efficiently and ensure compliance with relevant regulations.

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