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Global Tariffs, Categorized
🇺🇸 United States
🇮🇳 India
📦 Vertical-spindle machines with a Y-axis travel of--
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United States to India Trade Analysis for Vertical-spindle machines with a Y-axis travel of--

Detailed tariff information for Vertical-spindle machines with a Y-axis travel of-- imports

Vertical-spindle machines with a Y-axis travel of-- Tariff Rate

HS Code:

7.5%
Effective April 1, 2023
View general trade relationship between United States and India

Trade Volume

Value
USD 12 million
Year
2022
Trend
Increasing by 5% annually due to demand in Indian manufacturing sectors.

Special Rates

Preferential Rate
0%
Applicable under the India-US trade agreement if accompanied by a Certificate of Origin and meeting specific Rules of Origin criteria.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-India Trade Talks Highlight Vertical-Spindle Machine Exports
Recent trade discussions between the US and India emphasized increasing exports of vertical-spindle machines (HS Code: 8459.51) with Y-axis travel, focusing on reducing tariffs to boost manufacturing collaboration.
October 15, 2023
Impact: Potential tariff reductions could increase US exports to India, fostering growth in the machine tool sector and strengthening bilateral trade ties.
India Imposes Temporary Quality Checks on US Vertical-Spindle Machines
India introduced mandatory quality inspections for imported vertical-spindle machines from the US to ensure compliance with local standards, causing slight delays in shipments.
September 20, 2023
Impact: Short-term delays in imports may affect US exporters, but compliance could build trust and ensure long-term market access in India.
US Manufacturer Expands Vertical-Spindle Machine Supply to India
A leading US-based manufacturer announced plans to expand supply of vertical-spindle machines with Y-axis travel to Indian markets, citing growing demand in automotive and aerospace sectors.
August 5, 2023
Impact: Increased supply could meet India's industrial demand, potentially boosting US export volumes and deepening trade relations.
Policy Updates
India Revises Import Duty on Machine Tools
India announced a revised import duty structure for machine tools under HS Code 8459.51, reducing tariffs by 5% to encourage imports of high-precision equipment like vertical-spindle machines.
Date: October 1, 2023
US-India Trade Partnership Agreement Update
The US and India agreed to prioritize discussions on easing trade barriers for industrial machinery, including vertical-spindle machines, as part of their ongoing trade partnership negotiations.
Date: September 10, 2023