In international trade, the Harmonized System (HS) code is used to classify products for customs and statistical purposes. Each product is assigned a unique HS code, which helps in the identification and categorization of goods. HS Code 85372000 pertains to boards, panels, consoles, desks, cabinets, and other bases equipped with apparatus for electric control, for a voltage exceeding 1,000 V. Let's explore more about this specific HS code and its associated information.
The product covered under HS Code 85372000 includes various items used in electric control systems. These items can be boards, panels, consoles, desks, or cabinets, which are equipped with apparatus for electric control. The voltage requirement for these products is that it should exceed 1,000 V. This HS code specifically focuses on electrical control equipment used in high-voltage applications.
The bound / Most Favored Nation (MFN) duty rate for HS Code 85372000 is 2.7%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. It states that a country has to do so for the same goods or services from all its trading partners. This duty rate is applicable to the import of products falling under this HS code.
The quantity unit associated with HS Code 85372000 is "number" (NO). It represents the number of individual units of products imported or exported under this HS code. The quantity unit helps in determining the volume and scale of trade for a specific product category.
HS Code 85372000 is eligible for various special tariff preference programs, which offer preferential treatment in terms of duty rates for specific countries. The special tariff preference programs applicable to this HS code are as follows:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating duty charges on specific products.
Based on the available data, the following US states have reported imports under HS Code 85372000:
These states have imported products falling under HS Code 85372000 from various exporting countries.
Based on the available data, the following US states have reported exports under HS Code 85372000:
These states have exported products falling under HS Code 85372000 to various importing countries.
HS Code 85372000 encompasses boards, panels, consoles, desks, cabinets, and other bases equipped with apparatus for electric control, for a voltage exceeding 1,000 V. It is important for traders and importers/exporters to be aware of the specific HS code for their products, as it helps in customs classification, determining duty rates, and accessing special tariff preference programs. Understanding the HS code and its associated information is crucial for efficient international trade and compliance with customs regulations.