When it comes to international trade, it is essential to have a standardized system to classify and identify products. The Harmonized System (HS) code is a globally recognized method of categorizing products for customs and trade purposes. In this article, we will delve into the HS code 85119040, which deals with parts of voltage and voltage-current regulators with cut-out relays, excluding those designed for use on 6, 12, or 24 V systems.
The HS code 85119040 specifically refers to components that are used in voltage and voltage-current regulators. These regulators play a crucial role in maintaining stable and consistent electrical currents and voltages, ensuring the proper functioning of various electrical systems and devices. The parts covered under this HS code are not intended for use in systems operating at 6, 12, or 24 volts.
One of the primary purposes of the HS code is to determine the import duty rates for specific products. The bound or most-favored-nation (MFN) duty rate for HS code 85119040 is free. This means that when a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This provision promotes fair and equal treatment in international trade.
The quantity unit for HS code 85119040 is "no units collected (X)." This indicates that the quantity of parts is not measured or reported in a specific unit but rather treated as a lump sum or indeterminate quantity.
There are also special tariff preference programs that apply to products falling under HS code 85119040. These programs offer preferential treatment in terms of duty rates to certain countries. The countries eligible for free trade under these programs for HS code 85119040 include:
These preferential programs aim to promote trade between the participating countries by eliminating or reducing import duties on specific goods.
In terms of import and export, the data shows that the US states of Michigan and West Virginia are the main importers of products covered under HS code 85119040. These states have a significant demand for the parts of voltage and voltage-current regulators, potentially indicating a strong presence of electrical and electronics industries in these regions.
HS code 85119040 classifies parts of voltage and voltage-current regulators that are not designed for use on 6, 12, or 24 V systems. This code helps in determining the import duty rates and eligibility for special tariff preference programs. The data suggests that Michigan and West Virginia are the primary importers of these parts in the United States. Understanding and utilizing the HS code system is crucial for international trade and ensuring smooth cross-border transactions.