Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 85074040: Nickel-iron storage batteries for electrically powered vehicles

Nickel-iron storage batteries, classified under HS code 85074040, are a type of battery that is commonly used as the primary source of electrical power for electrically powered vehicles. These batteries are designed to provide reliable and efficient power for electric vehicles, ensuring they can operate smoothly and effectively.

The HS code 85074040 specifically refers to nickel-iron storage batteries that are used in electrically powered vehicles classified under HS code 8703.90. This code helps to identify and classify these batteries in international trade, making it easier for customs authorities and traders to accurately categorize and regulate their import and export.

When importing nickel-iron storage batteries under HS code 85074040, it is important to consider the applicable duty rates. The bound (or most-favored-nation) duty rate for these batteries is 3.4%. 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. The duty rate ensures fair trade practices and a level playing field for all parties involved.

In addition to the duty rates, there are also special tariff preference programs that may apply to nickel-iron storage batteries under HS code 85074040. These programs can provide certain countries with preferential treatment or duty-free access to the US market. Some of the special tariff preference programs applicable to these batteries include:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries.
• Australia Special Rate: Duty-free treatment under the Automotive Products Trade Act (APTA).
• Bahrain Special Rate: Duty-free treatment.
• NAFTA for Canada: Duty-free treatment under the North American Free Trade Agreement.
• Chile Special Rate: Duty-free treatment.
• Caribbean Basin Initiative (CBI): Duty-free treatment.
• Israel Special Rate: Duty-free treatment.
• Andean Trade Preference Act (ATPA): Duty-free treatment.
• Jordan Special Rate: Duty-free treatment.
• Morocco Special Rate: Duty-free treatment.
• NAFTA for Mexico: Duty-free treatment under the North American Free Trade Agreement.
• Oman Special Rate: Duty-free treatment.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Duty-free treatment.
• Peru Special Rate: Duty-free treatment.
• Singapore Special Rate: Duty-free treatment.

When importing nickel-iron storage batteries under HS code 85074040 to the United States, it is important to consider the specific requirements and regulations of the importing states. For example, Washington and Nevada are two states that have been identified as importing destinations for these batteries. Traders should ensure compliance with all applicable laws, regulations, and licensing requirements of these states to facilitate smooth importation and avoid any potential issues.

HS code 85074040 represents nickel-iron storage batteries used as the primary source of electrical power for electrically powered vehicles. This code helps to classify and regulate these batteries in international trade. Traders should be aware of the applicable duty rates and special tariff preference programs, as well as the specific requirements of importing states, to ensure successful and compliant importation of these batteries.