The HS Code 85123000 refers to electrical sound signaling equipment that is specifically designed for cycles or motor vehicles. This equipment is used to provide audible signals for safety and communication purposes, ensuring that cyclists and motor vehicle drivers can effectively communicate with each other on the road.
When importing or exporting this type of equipment, it is important to understand the relevant trade regulations and tariff rates. The bound / MFN duty rate for HS Code 85123000 is 2.5%. 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 quantity unit for this HS Code is not available (NA), indicating that the specific unit of measurement for the equipment is not specified.
There are also special tariff preference programs in place for HS Code 85123000. These programs provide preferential treatment in terms of duty rates for specific countries. The following countries enjoy duty-free treatment for this product:
These preferential treatment programs include the Generalized System of Preferences (GSP), the Automotive Products Trade Act (APTA), the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), the NAFTA agreements for Canada and Mexico, and the Dominican Republic-Central American Special Rate (DR-CAFTA).
When importing this equipment into the United States, it is important to consider the specific regulations and requirements of individual states. Similarly, when exporting this equipment from the United States, it is important to be aware of the regulations and requirements of the destination country.
HS Code 85123000 covers electrical sound signaling equipment for cycles or motor vehicles. This equipment serves as an important safety feature, allowing for effective communication between cyclists and motor vehicle drivers. Understanding the trade regulations, tariff rates, and special tariff preference programs associated with this HS Code is essential for importers and exporters in order to facilitate smooth and compliant trade.