HS Code 85015240: AC Motors Nesi, Multi-Phase, of an Output Exceeding 750W but Not Exceeding 14.92kW
AC motors are an essential component of various industries and applications. They are used to convert electrical energy into mechanical energy, making them crucial for powering machinery and equipment. The HS Code 85015240 specifically refers to AC motors that are multi-phase and have an output exceeding 750W but not exceeding 14.92kW. Let's explore more about this HS Code and its implications for international trade.
The HS Code system is a standardized international classification system used to classify traded products. It helps in identifying and categorizing products for customs purposes, tariff determination, and statistical analysis. HS Code 85015240 falls under the broader category of electric motors and generators, which are classified under Chapter 85 of the Harmonized System.
The product description of HS Code 85015240 states that it includes AC motors that are multi-phase and have a power output between 750W and 14.92kW. These motors are commonly used in a wide range of applications, including industrial machinery, appliances, HVAC systems, and automotive equipment. They provide reliable and efficient power for various mechanical processes.
When it comes to international trade, understanding the tariff rates and special preference programs associated with a specific HS Code is crucial. The bound or MFN (Most Favored Nation) duty rate for HS Code 85015240 is 3.7%. This means that when 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.
However, there are special tariff preference programs that offer duty-free treatment for HS Code 85015240. These programs include the Generalized System of Preferences (GSP), Automotive Products Trade Act (APTA), Agreement on Trade in Civil Aircraft, NAFTA for Canada and Mexico, Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), and Singapore Special Rate.
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products. The inclusion of HS Code 85015240 in these programs indicates the importance of AC motors in the global market and the desire to facilitate their trade.
In terms of importing, the District of Columbia is listed as an importing US state for HS Code 85015240. This means that AC motors falling under this HS Code can be imported into the District of Columbia. On the other hand, the exporting US state(s) for HS Code 85015240 are listed as Arkansas. This suggests that AC motors falling under this HS Code can be exported from Arkansas to other countries.
HS Code 85015240 refers to AC motors that are multi-phase and have an output exceeding 750W but not exceeding 14.92kW. These motors are used in various industries and applications, providing the mechanical power necessary for efficient operations. Understanding the tariff rates and special preference programs associated with this HS Code is essential for international trade. The inclusion of this HS Code in various duty-free treatment programs reflects its significance in global trade.
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