The HS Code 85021200 refers to electric generating sets with compression-ignition internal-combustion piston engines, of an output exceeding 75 kVA but not over 375 kVA. This HS code is used to classify and regulate the import and export of these specific products.
The bound / MFN duty rate for products under this HS code is 2.5%. The bound duty rate means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. In this case, the duty rate for electric generating sets with compression-ignition internal-combustion piston engines is 2.5%.
The quantity unit for products under this HS code is number (NO), which means that the units are counted individually.
There are several special tariff preference programs associated with this HS code. The following countries and trade agreements provide duty-free treatment for the import of electric generating sets with compression-ignition internal-combustion piston engines:
When it comes to importing these products to the United States, the following states are known to import electric generating sets with compression-ignition internal-combustion piston engines under the HS code 85021200:
On the other hand, the following states are known to export electric generating sets with compression-ignition internal-combustion piston engines under the HS code 85021200:
Overall, the HS Code 85021200 plays a crucial role in classifying, regulating, and monitoring the import and export of electric generating sets with compression-ignition internal-combustion piston engines. It ensures that the appropriate duties and tariff preferences are applied, while also providing valuable information about the countries and states involved in the trade of these products.