The Harmonized System (HS) Code 85030075 refers to parts of electric motors that have a power output of less than 18.65 W. These parts are categorized separately from commutators, stators, or rotors. Understanding this HS code is important for importers and exporters, as it determines the classification and tariff rates for these specific electric motor parts.
When importing or exporting goods, it is crucial to be aware of the applicable tariff rates. For HS Code 85030075, the bound or Most Favored Nation (MFN) duty rate is 6.5%. 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. The 6.5% duty rate applies to these specific electric motor parts.
The quantity unit for HS Code 85030075 is "no units collected (X)." This indicates that the quantity of these parts is not measured in specific units but rather treated as a single entity for customs purposes.
There are also special tariff preference programs available for HS Code 85030075. These programs allow for duty-free treatment when importing these parts from certain countries. The countries included in the special tariff preference programs for this HS code are:
These special tariff preference programs allow for reduced or eliminated duties when importing these electric motor parts from the mentioned countries.
Based on the data provided, the importing US states for HS Code 85030075 are South Dakota, California, Illinois, Minnesota, Mississippi, Montana, Nevada, New Hampshire, New Mexico, Pennsylvania, Wisconsin, District of Columbia, North Carolina, Virgin Islands, Arizona, and Colorado. These states have imported or are likely to import these specific electric motor parts.
On the other hand, the exporting US states for HS Code 85030075 are Illinois, Massachusetts, New Mexico, Rhode Island, and Wisconsin. These states have exported or are likely to export these electric motor parts to other countries.
Understanding the HS Code 85030075 and its associated tariff rates and special tariff preference programs can help importers and exporters navigate the international trade of these specific electric motor parts. It is essential to stay updated on any changes or modifications to the tariff rates and trade agreements to ensure compliance and take advantage of any available benefits.