When it comes to international trade, it is important to have a standardized system for classifying products. The Harmonized System (HS) code is a vital tool in this regard. HS Code 85015280 specifically refers to AC motors that are multi-phase and have an output exceeding 14.92 kW but not exceeding 75 kW.
The HS code serves multiple purposes, including facilitating customs procedures, statistical analysis, and trade negotiations. It is used by customs authorities to determine the appropriate tariffs and duties that should be levied on imported or exported goods. This helps ensure fair trade practices and uniform treatment for all trading partners.
For HS Code 85015280, the bound or most-favored-nation (MFN) duty rate is free. This means that no duties or tariffs are applied when importing or exporting this specific product. It is important to note that this duty rate applies to all countries, as per the principle of non-discrimination in international trade. 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.
The quantity unit for HS Code 85015280 is the number (NO). This indicates that the quantity of AC motors being imported or exported is measured in units.
There are also special tariff preference programs associated with HS Code 85015280. These programs provide additional benefits or exemptions for certain countries. In this case, the product is eligible for free trade under the following programs:
When importing HS Code 85015280 to the United States, the District of Columbia is the designated importing state. On the other hand, when exporting from the United States, Arkansas is listed as the exporting state.
HS Code 85015280 represents a specific category of AC motors, and understanding its implications is crucial for businesses involved in international trade. By using the HS code system, countries can ensure fair and transparent trade practices while promoting economic growth and development.