Wind-powered electric generating sets fall under HS Code 85023100. This HS code is used to classify and identify these specific products for international trade. In this article, we will explore the details of this HS code and provide information on importing and exporting these products.
Wind-powered electric generating sets are devices that harness the power of wind to generate electricity. These sets typically consist of wind turbines, which convert wind energy into electrical energy. They are an eco-friendly and renewable source of energy, contributing to a sustainable future.
The bound / MFN duty rate for HS Code 85023100 is 2.5%. The MFN (Most Favored Nation) duty rate is the rate applied to imports from all trading partners. This 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. The 2.5% duty rate applies to wind-powered electric generating sets imported under this HS code.
The quantity unit for wind-powered electric generating sets is "number" (NO). This unit indicates that the quantity is measured in the number of sets imported or exported.
There are several special tariff preference programs associated with HS Code 85023100. These programs provide certain countries with preferential treatment, including duty-free or reduced-duty access to the US market for wind-powered electric generating sets. The programs include:
These special tariff preference programs aim to promote trade and provide benefits to specific countries or regions.
Wind-powered electric generating sets classified under HS Code 85023100 are imported into various US states. The states that import these products include:
These states contribute to the importation and utilization of wind-powered electric generating sets for their renewable energy needs.
On the other hand, wind-powered electric generating sets under HS Code 85023100 are exported from the following US states:
These states are actively involved in manufacturing and exporting wind-powered electric generating sets to meet the global demand for renewable energy solutions.
HS Code 85023100 classifies wind-powered electric generating sets for international trade. These sets harness the power of wind to generate electricity and contribute to a sustainable future. Importers and exporters should be aware of the duty rates, special tariff preference programs, and the states involved in the trade of these products. Wind-powered electric generating sets play a crucial role in the global transition towards clean and renewable energy sources.