The HS Code 85112000 refers to ignition magnetos, magneto-dynamos, and magnetic flywheels. This code is used to classify and identify these specific products for international trade purposes. It is important for importers, exporters, and customs officials to understand the HS code system in order to accurately classify and regulate the movement of goods across borders.
Ignition magnetos, magneto-dynamos, and magnetic flywheels play a crucial role in the ignition and power generation systems of various machines and engines. They are commonly used in automotive, marine, and aviation industries to ensure efficient and reliable operation.
The bound / MFN (Most Favored Nation) duty rate for HS Code 85112000 is 2.5%. This means that when a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 2.5% to all its trading partners for these goods or services. This helps promote fair and equal trade among countries.
No units are collected for HS Code 85112000. The "X" indicates that there is no specific unit of measurement associated with the quantity of these products. This may vary for other HS codes depending on the nature of the goods.
HS Code 85112000 is eligible for various special tariff preference programs, providing certain countries with preferential treatment or duty-free access. The following programs apply:
These special tariff preference programs aim to promote trade, economic cooperation, and development between countries by reducing or eliminating import duties for specific goods.
Based on the available data, the following US states have reported imports of products classified under HS Code 85112000:
These states are involved in the importation of ignition magnetos, magneto-dynamos, and magnetic flywheels, indicating their importance in various industries and sectors.
Unfortunately, the data does not provide information on the specific US states involved in the exportation of products classified under HS Code 85112000. However, it is likely that states with significant manufacturing and production capabilities in automotive, marine, and aviation sectors are actively exporting these products.
understanding HS Code 85112000 and its associated details is crucial for importers, exporters, and customs officials. The classification, duty rates, and special tariff preference programs provide important information for international trade and help facilitate the smooth movement of ignition magnetos, magneto-dynamos, and magnetic flywheels across borders.