Electrical transformers are essential devices used in various industries and applications to transfer electrical energy between circuits. The HS Code 85043300 specifically refers to electrical transformers other than liquid dielectric, with a power handling capacity exceeding 16 kVA but not exceeding 500 kVA.
These transformers play a crucial role in electrical distribution systems, ensuring efficient power transmission and voltage regulation. They are commonly used in commercial buildings, industrial plants, renewable energy systems, and more.
The product description under HS Code 85043300 provides specific details about the electrical transformers covered by this code. These transformers use solid insulation instead of liquid dielectric and have a power handling capacity ranging from 16 kVA to 500 kVA.
Transformers within this category are designed to handle medium to high power loads and are typically used in larger electrical systems. They are capable of efficiently stepping up or stepping down voltages, depending on the requirements of the connected circuits.
The bound / MFN duty rate for HS Code 85043300 is 1.6%. This duty rate applies whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment.
By implementing a uniform duty rate, countries aim to promote fair trade practices and prevent any discriminatory treatment. The 1.6% duty rate ensures a consistent approach to trade for electrical transformers falling under this HS Code.
The quantity unit for HS Code 85043300 is number (NO). This unit represents the number of individual electrical transformers being imported or exported. It serves as a standardized unit of measurement for tracking and documenting the quantity of goods involved in international trade.
Under HS Code 85043300, certain special tariff preference programs apply, providing either duty-free treatment or special rates for importing countries. The following programs are relevant to this HS Code:
These special tariff preference programs aim to facilitate trade and promote economic cooperation between countries. They provide incentives for importing and exporting countries to engage in mutually beneficial transactions.
For HS Code 85043300, the data shows the importing and exporting US states involved in the trade of electrical transformers with the specified power handling capacity. The following states are prominently engaged in these transactions:
These states actively participate in the import and export of electrical transformers covered by HS Code 85043300. The trade between these states contributes to the overall economic growth and development of the electrical industry in the United States.
As technology advances and power demands increase, the importance of electrical transformers continues to grow. Understanding the HS Code 85043300 and its associated details helps facilitate smooth international trade and ensures compliance with applicable regulations.