Nickel-cadmium storage batteries are widely used as the primary source of electrical power for electrically powered vehicles. These batteries are specifically classified under the HS code 85073040. The HS code is a standardized international system for classifying and categorizing traded goods. It helps in identifying the specific products and determining the applicable duties, regulations, and preferences associated with them.
The HS code 85073040 specifically refers to nickel-cadmium storage batteries designed for use in electric vehicles classified under HS code 8703.90. Electric vehicles are becoming increasingly popular due to their environmental benefits and energy efficiency. As the demand for electric vehicles continues to rise, so does the need for reliable and efficient energy storage solutions.
When importing nickel-cadmium storage batteries classified under HS code 85073040, it is important to consider the applicable duty rates. The bound or MFN (Most Favored Nation) duty rate for these batteries is 2.5%. 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. It ensures fair and equal treatment for all trading partners.
The quantity unit for nickel-cadmium storage batteries is measured in numbers (NO). This unit represents the number of batteries being imported or exported.
There are also special tariff preference programs available for importing nickel-cadmium storage batteries under HS code 85073040. These programs provide certain countries with preferential treatment, including duty-free access to the market. The following countries are eligible for special tariff preferences for these batteries:
When importing nickel-cadmium storage batteries under HS code 85073040 into the United States, certain states have been identified as major importers. These states include Washington and Nevada. It is crucial to adhere to all relevant regulations and requirements when importing these batteries to ensure a smooth and compliant trade process.
the HS code 85073040 represents nickel-cadmium storage batteries used for electrically powered vehicles. These batteries play a vital role in powering electric vehicles and contribute to their widespread adoption. Understanding the HS code, duty rates, and special tariff preference programs associated with these batteries is essential for importers and exporters in order to comply with regulations and take advantage of preferential treatment when applicable.