HS 843120 Of machinery of heading 8427

HS code 843120 covers parts and accessories for lifting, handling, loading or unloading machinery of heading 8427. Duty rates vary significantly by country. For example, in the United States, the general Most Favored Nation (MFN) duty rate is 4.00% ad valorem. In the European Union, under the TARIC system, the rate can range from 0% to 3.7% depending on the specific part and origin. The UK Trade Tariff also shows varied rates, often around 4.00% ad valorem for many parts. It is crucial to consult the specific tariff schedule of the importing country for the definitive rate applicable to your goods. Always verify if any preferential rates under Free Trade Agreements (FTAs) apply, which could reduce or eliminate duties.

The duty for HS code 843120 is typically calculated on an ad valorem basis, meaning it's a percentage of the declared customs value of the goods. For instance, if a consignment of forklift parts (classified under 843120) has a customs value of $10,000 USD and the applicable duty rate is 4.00% ad valorem, the import duty would be calculated as: $10,000 (Customs Value) × 0.04 (Duty Rate) = $400 USD. Some specific parts might also have specific duties (per unit) or a combination of ad valorem and specific duties. Always confirm the exact duty calculation method with the relevant customs authority.

To be classified under HS code 843120, an article must be a part or accessory specifically designed for machinery falling under heading 8427. Heading 8427 covers self-propelled machinery, with wheels, equipped with lifting or handling gear, such as forklift trucks, straddle carriers, and industrial trucks. Therefore, parts like specific hydraulic cylinders, masts, forks, steering columns, or specialized control units that are exclusively or principally used with these types of machines would generally fall under 843120. Generic parts that could be used on a wide range of machinery, not specific to 8427, would likely be classified elsewhere.

When importing goods classified under HS code 843120, standard import documentation is generally required. This includes a commercial invoice detailing the value, quantity, and description of the parts; a packing list; and a bill of lading or air waybill. Crucially, importers must ensure the HS code is correctly declared. Depending on the origin and destination country, a Certificate of Origin may be necessary to claim preferential duty rates under trade agreements. Some countries may also require technical specifications or manufacturer declarations to verify the intended use and classification of the parts, especially if there's ambiguity or if specific safety standards apply.

Trade agreements can significantly impact duty rates for HS code 843120. For example, under the United States-Mexico-Canada Agreement (USMCA), certain parts and accessories originating from Canada or Mexico may qualify for duty-free entry into the United States, provided they meet the agreement's rules of origin. Similarly, the European Union has numerous Free Trade Agreements (FTAs) with various countries, which can offer reduced or zero duty rates for goods originating from those partner countries. To benefit from these preferential rates, importers must possess a valid Certificate of Origin and ensure the goods meet all stipulated rules of origin criteria. It is essential for importers and customs brokers to thoroughly research the specific provisions of applicable FTAs.