The HS code 85122040 refers to electrical visual signaling equipment that is specifically designed for use in motor vehicles or cycles (excluding bicycles). This code is used to classify and identify these products for international trade purposes.
When importing or exporting electrical visual signaling equipment for motor vehicles, it is important to understand the details and regulations associated with HS code 85122040. The following information provides a comprehensive overview of the code and its implications.
The product description clearly states that this HS code applies to electrical visual signaling equipment that is specifically designed for motor vehicles or cycles, excluding bicycles. This can include items such as headlights, taillights, turn signals, and other similar devices that provide visual signals for safety and communication purposes.
The bound / MFN duty rate associated with HS code 85122040 is 2.5%. This means that when importing or exporting these products, a duty rate of 2.5% will be applied. It is important to note that duty rates can vary based on specific trade agreements, tariff preference programs, and the country of origin.
The quantity unit for HS code 85122040 is specified as "No units collected (X)." This indicates that the quantity of the product is not collected or recorded in a specific unit of measurement. The absence of a quantity unit suggests that the focus is on the classification and identification of the product rather than its quantity.
HS code 85122040 is eligible for various special tariff preference programs. These programs provide certain countries with duty-free treatment or reduced duty rates for importing or exporting products under this HS code. The following programs are applicable:
These special tariff preference programs allow certain countries to benefit from duty-free treatment or reduced duty rates when importing or exporting electrical visual signaling equipment under HS code 85122040. It is important to consult the specific regulations and requirements of each program to determine eligibility and take advantage of the benefits they offer.
In the United States, the state of Michigan is listed as an importing state for products classified under HS code 85122040. This means that businesses or individuals in Michigan may engage in the importation of electrical visual signaling equipment for motor vehicles under this HS code. It is essential to comply with all relevant customs regulations and procedures when importing these products.
Similarly, the state of Michigan is listed as an exporting state for products classified under HS code 85122040. This indicates that businesses or individuals in Michigan may engage in the exportation of electrical visual signaling equipment for motor vehicles under this HS code. Compliance with export regulations and documentation requirements is crucial for successful and legal export activities.
Overall, HS code 85122040 plays a significant role in classifying and identifying electrical visual signaling equipment for motor vehicles. Understanding the product description, duty rates, special tariff preference programs, and relevant importing/exporting states is essential for businesses and individuals involved in international trade related to this HS code.