HS Code 85042200 refers to liquid dielectric transformers that have a power handling capacity exceeding 650 kVA but not exceeding 10,000 kVA. These transformers play a crucial role in various industries and are used to efficiently transfer electrical energy from one circuit to another.
When it comes to international trade, understanding the HS code is essential. The HS code is a standardized system for classifying and identifying products for customs and trade purposes. It provides a unique code for each product, allowing customs officials and traders to accurately identify and classify goods during import and export processes.
HS Code 85042200 specifically refers to liquid dielectric transformers. These transformers use liquid dielectric materials such as mineral oil or synthetic fluids to provide insulation and cooling. They are designed to handle power capacities exceeding 650 kVA but not exceeding 10,000 kVA. Liquid dielectric transformers are widely used in power generation, transmission, and distribution systems.
As part of international trade agreements, countries often impose trade barriers or open up their markets to promote fair competition and economic growth. In the case of HS Code 85042200, the bound or most favored nation (MFN) duty rate is free. This means that every time a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 85042200 is number (NO). This unit denotes the number of liquid dielectric transformers being imported or exported.
Several special tariff preference programs apply to HS Code 85042200. These programs provide specific tariff rates or duty-free treatment for imports and exports. The special tariff preference programs applicable to this HS code are as follows:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties and trade barriers for specific products.
HS Code 85042200 is imported by several US states, including South Dakota, California, Illinois, Minnesota, Mississippi, Montana, Nevada, New Hampshire, New Mexico, Pennsylvania, Wisconsin, District of Columbia, North Carolina, and the Virgin Islands.
HS Code 85042200 is exported by US states such as Illinois, Massachusetts, New Mexico, Rhode Island, and Wisconsin.
HS Code 85042200 represents liquid dielectric transformers with a power handling capacity exceeding 650 kVA but not exceeding 10,000 kVA. These transformers are crucial in various industries and are subject to special tariff preference programs and duty-free treatment under international trade agreements. Understanding the HS code and its associated information is essential for importers, exporters, and customs officials to facilitate smooth and efficient trade processes.