The HS Code 85024000 refers to electric rotary converters, which are devices used to convert electrical energy from one form to another. In this article, we will explore the details of this HS code, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states for this product.
Electric rotary converters are electrical devices that convert alternating current (AC) to direct current (DC) or vice versa. These converters are commonly used in various applications where a different form of electrical energy is required, such as in motor drives, power supplies, and industrial machinery.
The bound / most-favored-nation (MFN) duty rate for HS Code 85024000 is 3%. 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 duty rate of 3% applies to the import of electric rotary converters under this HS code.
There are several special tariff preference programs applicable to electric rotary converters under HS Code 85024000. These programs provide certain countries with preferential treatment and duty-free access to the United States market. Some of the programs include:
The following US states are involved in the import of electric rotary converters under HS Code 85024000:
The following US states are involved in the export of electric rotary converters under HS Code 85024000:
HS Code 85024000 represents electric rotary converters, which are used for converting electrical energy between AC and DC. These converters are subject to a 3% duty rate, and certain countries may benefit from special tariff preference programs, providing duty-free treatment. Importing and exporting US states play a significant role in the trade of electric rotary converters, facilitating their movement across borders.