Automatic circuit breakers are an essential component in electrical systems, designed to protect circuits and electrical equipment from overloads and short circuits. These devices automatically interrupt the flow of electricity when abnormal conditions occur, preventing damage to the system and ensuring safety.
The HS Code 85362000 specifically refers to automatic circuit breakers with a voltage rating not exceeding 1,000V. This code helps in the classification and identification of these products for trade purposes, enabling countries to regulate imports and exports more effectively.
When it comes to international trade, countries often impose duties or tariffs on imported goods. The bound/MFN duty rate for products falling under HS Code 85362000 is 2.7%. This means that whenever a country reduces trade barriers or opens up its market, it must do so for all its trading partners, providing equal treatment to the same goods or services.
The quantity unit for this HS Code is a number (NO), denoting the count or quantity of automatic circuit breakers being traded. This unit helps in accurate measurement and tracking of imports and exports.
There are also special tariff preference programs in place for products under HS Code 85362000. These programs provide certain countries with preferential treatment, either reducing or eliminating import duties. The following countries enjoy special rates under various programs:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing barriers to entry and facilitating a smoother flow of goods and services.
When it comes to importing automatic circuit breakers under HS Code 85362000, certain US states are more involved. Mississippi, Puerto Rico, and South Carolina are the primary importing states for these products. This information provides valuable insights into the regional demand for automatic circuit breakers in the United States.
While the importing states indicate where the demand lies, the exporting states are not mentioned in the available data. However, it is important to note that the United States is a significant player in the global electrical equipment market, and there are various states that manufacture and export automatic circuit breakers to meet domestic and international demand.
HS Code 85362000 covers automatic circuit breakers for a voltage not exceeding 1,000V. Understanding this code is crucial for international trade, as it helps in product classification, duty calculation, and tracking trade flows. The special tariff preference programs further enhance trade relations between countries, while the information on importing states provides insights into regional demand. As electrical systems continue to advance, automatic circuit breakers remain a vital component in ensuring the safety and efficiency of electrical installations.