HS Code 86012000: Rail Locomotives Powered by Electric Accumulators (Batteries)
Rail locomotives powered by electric accumulators, also known as batteries, fall under the HS Code 86012000. This HS code is used to classify and categorize these specific types of locomotives for international trade purposes. In this article, we will explore the product description, duty rates, quantity units, special tariff preference programs, as well as the importing and exporting US states for this HS code.
Product Description:
The product description for HS Code 86012000 is rail locomotives that are powered by electric accumulators or batteries. These locomotives use electric energy stored in the batteries to operate and provide transportation services. They are designed to run on railways and are commonly used in various industries, including transportation, logistics, and mining.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for rail locomotives powered by electric accumulators is free. This means that countries are not required to impose any import duties or taxes on these products. When 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. This promotes fair and equal trade practices among nations.
Quantity Unit:
The quantity unit for HS Code 86012000 is the number (NO). This unit denotes the count or quantity of rail locomotives powered by electric accumulators being imported or exported. It helps in accurately measuring the volume of trade and maintaining transparency in international transactions.
Special Tariff Preference Programs:
Rail locomotives powered by electric accumulators (HS Code 86012000) are eligible for various special tariff preference programs. These programs provide specific benefits and duty-free treatment for imports and exports. The following countries participate in these special programs:
- Australia Special Rate: Australia offers a special rate for these locomotives, providing duty-free treatment.
- Bahrain Special Rate: Bahrain offers a special rate, exempting these locomotives from import duties.
- Canada (NAFTA): Under the North American Free Trade Agreement (NAFTA), Canada grants duty-free treatment to these locomotives.
- Chile Special Rate: Chile offers a special rate, providing duty-free treatment for these locomotives.
- Caribbean Basin Initiative (CBI): Participating countries in the Caribbean Basin Initiative grant duty-free treatment to these locomotives.
- Israel Special Rate: Israel offers duty-free treatment for rail locomotives powered by electric accumulators.
- Andean Trade Preference Act (ATPA): Countries participating in the Andean Trade Preference Act provide duty-free treatment for these locomotives.
- Jordan Special Rate: Jordan offers a special rate, exempting these locomotives from import duties.
- Morocco Special Rate: Morocco offers a special rate for these locomotives, providing duty-free treatment.
- Mexico (NAFTA): Under NAFTA, Mexico grants duty-free treatment to rail locomotives powered by electric accumulators.
- Oman Special Rate: Oman offers a special rate, exempting these locomotives from import duties.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Participating countries in the DR-CAFTA grant duty-free treatment to these locomotives.
- Peru Special Rate: Peru offers a special rate, providing duty-free treatment for these locomotives.
- Singapore Special Rate: Singapore offers duty-free treatment for rail locomotives powered by electric accumulators.
Importing US States:
Rail locomotives powered by electric accumulators (HS Code 86012000) are imported into the following US states:
These states have a demand for these locomotives and utilize them for various purposes, including transportation of goods and passengers within their respective regions.
Conclusion:
HS Code 86012000 classifies rail locomotives powered by electric accumulators (batteries) for international trade purposes. These locomotives provide efficient and environmentally friendly transportation solutions. With duty-free treatment available under special tariff preference programs, countries can benefit from the import and export of these locomotives. The importing US states, such as Idaho and Pennsylvania, recognize the value of these locomotives and utilize them for their transportation needs.
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