Electrical transformers play a crucial role in the distribution and transmission of electricity. They are responsible for converting voltage levels, allowing electricity to be safely and efficiently transported across different power grids. One specific type of electrical transformer is classified under HS Code 85043200, which covers transformers that have a power handling capacity exceeding 1 kVA but not exceeding 16 kVA. In this article, we will explore the details of this HS code and its implications on international trade.
The product description for HS Code 85043200 is as follows: electrical transformers other than liquid dielectric, having a power handling capacity exceeding 1 kVA but not exceeding 16 kVA. This description provides a clear understanding of the type and size of transformers that fall under this HS code. It helps in categorizing and classifying these transformers for import and export purposes.
For products falling under HS Code 85043200, the bound / MFN (Most Favored Nation) duty rate is 2.4%. This means that whenever 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 duty rate of 2.4% is applicable to imports of electrical transformers within this power capacity range.
The quantity unit for HS Code 85043200 is the number (NO). This unit signifies that transformers are measured and counted based on the number of units being imported or exported. It allows for accurate tracking and documentation of the quantity of electrical transformers involved in international trade.
Several special tariff preference programs provide favorable treatment for imports and exports of electrical transformers falling under HS Code 85043200. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries. They offer certain countries or regions preferential treatment, reducing or eliminating import duties for electrical transformers under HS Code 85043200. Importers and exporters should take advantage of these programs to minimize costs and enhance competitiveness.
When it comes to the import and export of electrical transformers falling under HS Code 85043200, specific US states are involved. The following states are significant players in the trade of these transformers:
Importing US States:
Exporting US States:
These states actively participate in the import and export of electrical transformers, contributing to the overall trade volume and economic growth within the United States. Understanding the involvement of specific states can help businesses in identifying potential markets and trade partners for these transformers.
HS Code 85043200 encompasses electrical transformers with a power handling capacity exceeding 1 kVA but not exceeding 16 kVA. This code facilitates the classification, import, and export of these transformers in international trade. Importers and exporters should be aware of the duty rates, special tariff preference programs, and the involvement of specific US states to optimize their operations and take advantage of trade opportunities in this sector.