AC motors play a vital role in various industries and applications. They are utilized in a wide range of devices, from household appliances to industrial machinery. The HS Code 85014020 specifically refers to AC motors that are single-phase and have a power output exceeding 37.5 W but not exceeding 74.6 W.
The HS Code, or Harmonized System Code, is an internationally recognized code used to classify and categorize products for trade and customs purposes. It provides a standardized system for identifying and describing goods, ensuring consistency and accuracy in international trade documentation.
When importing or exporting AC motors falling under HS Code 85014020, it is important to be aware of the relevant regulations and tariffs. The bound or Most Favored Nation (MFN) 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 AC motors under this HS Code is "number" (NO). This unit indicates that the quantity is measured in the number of individual motors being imported or exported.
There are also special tariff preference programs applicable to AC motors under HS Code 85014020. These programs provide certain countries with preferential treatment, including duty-free access to the market. The following countries are eligible for special rates under various programs:
It is important to consider these special tariff preferences when conducting international trade involving AC motors under HS Code 85014020. Taking advantage of these programs can result in cost savings and improved market access for both importers and exporters.
While the data provided does not specify the exporting US states, it is essential to note that AC motors falling under HS Code 85014020 are widely produced and exported from various states in the United States.
HS Code 85014020 represents AC motors that are single-phase and have a power output exceeding 37.5 W but not exceeding 74.6 W. Understanding the regulations, tariffs, and special tariff preference programs associated with this HS Code is crucial for importers and exporters dealing with AC motors. By staying informed and taking advantage of the available benefits, businesses can optimize their international trade operations.