The HS Code 85030045 refers to stators and rotors specifically designed for electric generators used in aircraft. This code is used to classify and identify these products in international trade. Understanding the HS code is crucial for importers and exporters as it helps in determining the applicable duties and tariffs for these goods.
When it comes to trade barriers and market access, the bound/MFN (Most Favored Nation) duty rate for HS Code 85030045 is free. This means that whenever a country lowers a trade barrier or opens up its market, it must provide the same treatment to all its trading partners for the import of these stators and rotors.
The quantity unit for HS Code 85030045 is "no units collected (X)." This implies that the data regarding the number of units imported or exported is not available or not collected.
There are several special tariff preference programs applicable to HS Code 85030045. These programs provide duty-free treatment for imports from certain countries. The countries eligible for duty-free treatment under these programs include Australia (A*), Austria (AU), Belgium (B), Bahrain (BH), Canada (CA), Chile (CL), EU Member States (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Singapore (SG), and more.
In terms of importing, the US states that have reported importing stators and rotors for electric generators for use on aircraft (HS Code 85030045) include South Dakota, California, Illinois, Minnesota, Mississippi, Montana, Nevada, New Hampshire, New Mexico, Pennsylvania, Wisconsin, District of Columbia, North Carolina, Virgin Islands, Arizona, and Colorado. It's worth noting that this list may not be exhaustive.
On the other hand, the US states that have reported exporting these stators and rotors include Illinois, Massachusetts, New Mexico, Rhode Island, and Wisconsin. This information indicates the states that are actively engaged in the export of these products.
HS Code 85030045 plays a vital role in trade as it facilitates the identification, classification, and regulation of stators and rotors for electric generators used on aircraft. Importers and exporters must be aware of the applicable duties, tariffs, and special tariff preference programs associated with this HS code to ensure compliance and optimize their trade activities.