The HS Code 85012020 refers to Universal AC/DC motors with an output exceeding 37.5 W but not exceeding 74.6 W. These motors are commonly used in various applications, such as household appliances, power tools, and small machinery.
When importing or exporting products under this HS code, it is essential to understand the associated regulations and duty rates. The bound / MFN (Most Favored Nation) duty rate for this product is 3.3%. 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.
The quantity unit for this HS code is measured in numbers (NO). It indicates the number of motors being imported or exported.
In addition to the duty rate, there are special tariff preference programs available for this product. These programs provide preferential treatment, such as duty-free or reduced-duty rates, to specific countries. The following countries are eligible for special tariff preferences under HS Code 85012020:
It is important to note that the availability of special tariff preference programs may vary depending on the country of import or export. Importers and exporters should consult the relevant customs authorities or trade agreements for accurate and up-to-date information.
When it comes to importing HS Code 85012020 into the United States, the available data indicates that the state of Missouri is the primary destination. However, more specific information about the exporting states is not provided in the given data.
the HS Code 85012020 corresponds to Universal AC/DC motors with a specific output range. Understanding the associated duty rates, quantity units, and special tariff preference programs is crucial for importers and exporters. Compliance with customs regulations and taking advantage of preferential treatment can contribute to a successful international trade experience.