The HS Code 85030095 refers to other parts that are not elsewhere specified, suitable for use solely or principally with the machines in heading 8501 or 8502. This HS code helps in categorizing and identifying these specific parts when it comes to international trade.
The product description under HS Code 85030095 encompasses a wide range of parts that are designed to be used with machines falling under heading 8501 or 8502. These machines include electrical motors and generators, as well as various types of electrical transformers.
It is important to note that the parts covered by this HS code are not limited to a specific type or function. They can include components such as connectors, switches, wiring harnesses, and other electrical or mechanical parts that are essential for the optimal functioning of the machines in question.
The bound or MFN (Most Favored Nation) duty rate for HS Code 85030095 is set at 3%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 3% to the goods or services from all its trading partners. This rate ensures fair and equal treatment for all countries participating in international trade.
Under special tariff preference programs, certain countries are eligible for preferential treatment, resulting in duty-free imports. For HS Code 85030095, the following countries have special tariff preference programs:
These countries enjoy duty-free treatment for certain goods falling under HS Code 85030095. However, it is important to note that some countries may be excluded from the Generalized System of Preferences (GSP) eligibility for this specific HTS (Harmonized Tariff Schedule) subheading.
In addition to the GSP, other special tariff preference programs include the Automotive Products Trade Act (APTA), Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), Dominican Republic-Central American Special Rate (DR-CAFTA), and NAFTA for Canada and Mexico.
When it comes to importing HS Code 85030095 into the United States, the following states have been identified as major importers:
These states play a significant role in the importation of parts falling under HS Code 85030095, indicating the importance and demand for these components in various industries.
On the other hand, the following states are major exporters of parts falling under HS Code 85030095:
These states have a strong manufacturing base and are known for their expertise in producing and exporting the parts covered by HS Code 85030095.
HS Code 85030095 encompasses a wide range of parts suitable for use with machines falling under heading 8501 or 8502. It is important for importers and exporters to be aware of the tariff rates, special preference programs, and the major trading partners when dealing with this HS code. Understanding and complying with the regulations related to HS Code 85030095 is crucial for successful international trade in these parts.