HS Code 85015140: AC Motors, Nesi, Multi-Phase, of an Output Exceeding 74.6 W but not Exceeding 735 W
AC motors play a crucial role in various industries and applications. They are used to convert electrical energy into mechanical energy, making them an essential component in many devices and systems. The HS Code 85015140 specifically refers to AC motors with certain specifications, including their power output range. In this article, we will explore this HS code in detail, discussing its product description, duty rates, special tariff preference programs, and more.
Product Description: AC motors covered by HS Code 85015140 are classified as "not elsewhere specified" (nesi) multi-phase motors. They have an output power exceeding 74.6 W but not exceeding 735 W. These motors are designed to provide efficient and reliable performance in a wide range of applications.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 85015140 is 2.5%. This means that when a country lowers a trade barrier or opens up a market, it is required to do so for the same goods or services from all its trading partners. The duty rate ensures fair trade practices and promotes equal treatment among countries.
Quantity Unit: The quantity unit for HS Code 85015140 is a number (NO). This unit indicates that the quantity of AC motors being imported or exported is measured in numerical terms.
Special Tariff Preference Programs: Several countries and trade agreements offer special tariff preference programs for AC motors classified under HS Code 85015140. These programs provide certain benefits, such as duty-free treatment or reduced tariffs, to promote trade and economic cooperation. Here are some of the special tariff preference programs applicable to this HS code:
- Free: Generalized System of Preferences (GSP) - Provides duty-free treatment
- Australia Special Rate: Automotive Products Trade Act (APTA) - Offers duty-free treatment
- Bahrain Special Rate: Duty-free treatment for AC motors
- NAFTA for Canada: Duty-free treatment under the North American Free Trade Agreement
- Chile Special Rate: Special rate for AC motors imported from Chile
- Caribbean Basin Initiative (CBI): Offers duty-free treatment
- Israel Special Rate: Duty-free treatment for AC motors imported from Israel
- Andean Trade Preference Act (ATPA): Provides special rate for AC motors
- Jordan Special Rate: Special rate for AC motors imported from Jordan
- Morocco Special Rate: Special rate for AC motors imported from Morocco
- NAFTA for Mexico: Duty-free treatment under the North American Free Trade Agreement
- Oman Special Rate: Special rate for AC motors imported from Oman
- Dominican Republic-Central American Special Rate (DR-CAFTA): Special rate for AC motors
- Peru Special Rate: Special rate for AC motors imported from Peru
- Singapore Special Rate: Special rate for AC motors imported from Singapore
Importing US States: AC motors classified under HS Code 85015140 can be imported into various states of the United States. The specific states may vary depending on the import regulations and requirements of each state. Importers should ensure compliance with relevant customs procedures and documentation when importing these motors.
Exporting US States: Similarly, AC motors covered by HS Code 85015140 can be exported from different states within the United States. Exporters need to comply with export regulations and requirements, including proper documentation and adherence to international trade agreements.
HS Code 85015140 represents AC motors with specific power output ranges. Understanding this HS code is crucial for importers, exporters, and industry professionals involved in the trade of AC motors. The duty rates, special tariff preference programs, and quantity unit associated with this HS code provide valuable information for conducting international trade in these motors. Compliance with customs regulations and trade agreements is essential to ensure smooth and efficient trade transactions.
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