HS Code 85015360: AC motors, nesi, multi-phase, 149.2 kW or more but not exceeding 150 kW
AC motors are a crucial component in various industries, from manufacturing and construction to transportation and energy production. The HS Code 85015360 specifically refers to AC motors that are multi-phase and have a power rating of 149.2 kW or more but not exceeding 150 kW. In this article, we will explore the details of this HS code and provide relevant information about its applications, tariff rates, and special tariff preference programs.
AC motors are widely used for their efficiency, reliability, and ability to provide consistent power output. They are commonly found in industrial machinery, pumps, compressors, electric vehicles, and other applications that require high-power output. The HS Code 85015360 encompasses AC motors that fall within the specified power range and are designed for multi-phase electrical systems.
When it comes to international trade, understanding the tariff rates associated with a particular HS code is crucial for importers and exporters. The bound or Most Favored Nation (MFN) duty rate for HS Code 85015360 is 4.2%. 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. It is important to note that tariff rates may vary depending on the country and specific trade agreements in place.
In terms of quantity unit, the HS Code 85015360 is measured in numbers (NO). This unit indicates that the quantity of AC motors being imported or exported is counted individually.
To encourage international trade and economic cooperation, various countries have established special tariff preference programs. For HS Code 85015360, the following special tariff preference programs apply:
1. Free: Generalized System of Preferences (GSP) - This program provides duty-free treatment for eligible countries.
2. Australia Special Rate: Australia has a specific tariff rate for AC motors falling under this HS code.
3. Bahrain Special Rate: Bahrain offers a special tariff rate for AC motors under certain conditions.
4. Agreement on Trade in Civil Aircraft: AC motors falling within this HS code are eligible for duty-free treatment under this agreement.
5. NAFTA for Canada and Mexico: AC motors imported/exported to/from Canada and Mexico receive duty-free treatment under the North American Free Trade Agreement.
6. Chile Special Rate: Chile applies a special tariff rate for AC motors classified under this HS code.
7. Caribbean Basin Initiative (CBI): AC motors from eligible CBI countries receive duty-free treatment.
8. Israel Special Rate: Israel has a special tariff rate for AC motors under certain conditions.
9. Andean Trade Preference Act (ATPA): AC motors imported/exported to/from ATPA countries receive preferential treatment.
10. Jordan Special Rate: Jordan offers a special tariff rate for AC motors under certain conditions.
11. Morocco Special Rate: Morocco applies a special tariff rate for AC motors classified under this HS code.
12. Dominican Republic-Central American Special Rate (DR-CAFTA): AC motors from DR-CAFTA countries receive preferential treatment.
13. Peru Special Rate: Peru offers a specific tariff rate for AC motors under certain conditions.
14. Singapore Special Rate: Singapore applies a special tariff rate for AC motors classified under this HS code.
Importing and exporting AC motors classified under HS Code 85015360 to and from the United States involves compliance with the regulations and requirements of both importing and exporting states. It is important to ensure that all necessary documentation and customs procedures are followed to facilitate smooth trade operations.
the HS Code 85015360 represents AC motors that are multi-phase and have a power rating of 149.2 kW or more but not exceeding 150 kW. These motors find applications in various industries and are subject to a bound duty rate of 4.2%. However, special tariff preference programs are available for eligible countries, providing opportunities for duty-free treatment. Importers and exporters must be familiar with the specific requirements and regulations of importing and exporting states to ensure compliance and smooth trade operations.
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