When it comes to international trade, it is crucial to have a standardized system for classifying products. This is where Harmonized System (HS) codes come into play. HS codes are used worldwide to categorize different types of goods for customs and trade purposes. In this article, we will explore the HS code 85013140, which refers to DC motors of a specific power output range.
The HS code 85013140 specifically covers DC motors that have an output exceeding 74.6 W but not exceeding 735 W. These motors are used in various applications and industries, ranging from automotive to manufacturing. They are known for their efficiency and reliability, making them a popular choice for many businesses.
One important aspect to consider when importing or exporting goods is the duty rate associated with the HS code. For HS code 85013140, the bound or Most Favored Nation (MFN) duty rate is 4%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. It ensures fairness and equal treatment among trading nations.
It is worth noting that there are special tariff preference programs associated with the HS code 85013140. These programs offer preferential treatment to certain countries, either through reduced or duty-free rates. For this specific HS code, the following countries enjoy special tariff preference:
These special rates or programs aim to promote trade and strengthen economic ties between the countries involved. Importers and exporters should take advantage of these programs to reduce costs and enhance competitiveness.
For businesses located in the United States, the HS code 85013140 is relevant for importing from and exporting to various states. While the specific states involved were not mentioned in the available data, it is important to note that Missouri is one of the states involved in the trade of products categorized under HS code 85013140.
the HS code 85013140 refers to DC motors of a specific power output range. It is essential for businesses engaged in international trade to familiarize themselves with HS codes to ensure proper classification and compliance with customs regulations. The associated duty rates and special tariff preference programs can significantly impact the cost and competitiveness of goods. Therefore, importers and exporters should stay informed about the latest developments in trade policies and take advantage of favorable programs to optimize their operations.