When it comes to international trade, the Harmonized System (HS) codes play a crucial role in classifying and identifying products. One such HS code is 85119020, which represents parts of voltage and voltage-current regulators with cut-out relays, designed for use on 6, 12, or 24 V systems. Let's dive deeper into this HS code and explore its details.
The HS code 85119020 encompasses specific parts that are essential for voltage and voltage-current regulators. These regulators, equipped with cut-out relays, are primarily designed for use in systems with voltages of 6, 12, or 24 V. These parts play a crucial role in ensuring stable and controlled electrical currents, making them vital components in various electrical systems and devices.
The bound or Most Favored Nation (MFN) duty rate for HS code 85119020 is 3.1%. It is important to note 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. This duty rate applies consistently to this HS code, making it easier to determine the cost implications of importing or exporting these parts.
The quantity unit for HS code 85119020 is reported as "no units collected (X)." This indicates that there is no specific unit of measure associated with this HS code. The absence of a quantity unit suggests that the parts classified under this HS code may vary in size, weight, or other measurable attributes, making it challenging to standardize a specific unit of measure.
HS code 85119020 is eligible for several special tariff preference programs, which can offer duty-free treatment or special rates for certain countries. The following programs apply to this HS code:
These special tariff preference programs aim to promote trade partnerships and facilitate the movement of goods between countries by providing favorable duty rates or duty-free treatment for certain products.
When it comes to importing, the data shows that the states of Michigan and West Virginia have been involved in importing products classified under HS code 85119020. However, no specific information regarding exporting states is available for this HS code.
It is important for businesses and individuals involved in the import or export of parts related to voltage and voltage-current regulators to be familiar with the HS code 85119020. By understanding the product description, duty rates, special tariff preference programs, and the states involved in trade, it becomes easier to navigate the complexities of international trade and ensure compliance with relevant regulations.