Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 85023900: Electric Generating Sets, nesoi

The HS Code 85023900 refers to electric generating sets that are not specified elsewhere. These sets are used to generate electrical energy from various sources such as diesel, gas, or renewable energy sources. They play a crucial role in providing electricity in a wide range of applications, including residential, commercial, and industrial sectors.

Electric generating sets covered by this HS code are subject to a bound or most-favored-nation (MFN) duty rate of 2.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate for electric generating sets from all its trading partners.

The quantity unit for electric generating sets is measured in numbers (NO). This unit indicates the total number of sets being imported or exported.

There are several special tariff preference programs available for electric generating sets under HS Code 85023900. These programs offer duty-free treatment for eligible countries. Some of these programs include:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries.
• Australia Special Rate: Offers duty-free treatment for electric generating sets imported from Australia.
• Automotive Products Trade Act (APTA): Grants duty-free treatment for electric generating sets under this trade agreement.
• Bahrain Special Rate: Provides duty-free treatment for electric generating sets imported from Bahrain.
• Agreement on Trade in Civil Aircraft: Offers duty-free treatment for electric generating sets covered under this agreement.
• NAFTA for Canada and Mexico: Grants duty-free treatment for electric generating sets imported from Canada and Mexico under the North American Free Trade Agreement.
• Chile Special Rate: Provides duty-free treatment for electric generating sets imported from Chile.
• Caribbean Basin Initiative (CBI): Offers duty-free treatment for electric generating sets from eligible countries in the Caribbean region.
• Israel Special Rate: Provides duty-free treatment for electric generating sets imported from Israel.
• Andean Trade Preference Act (ATPA): Grants duty-free treatment for electric generating sets imported from countries covered under this trade agreement.
• Jordan Special Rate: Offers duty-free treatment for electric generating sets imported from Jordan.
• Morocco Special Rate: Provides duty-free treatment for electric generating sets imported from Morocco.
• Oman Special Rate: Offers duty-free treatment for electric generating sets imported from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Grants duty-free treatment for electric generating sets imported from countries covered under this trade agreement.
• Peru Special Rate: Provides duty-free treatment for electric generating sets imported from Peru.
• Singapore Special Rate: Offers duty-free treatment for electric generating sets imported from Singapore.

When it comes to importing electric generating sets under HS Code 85023900, the following US states are actively involved:

• South Dakota
• California
• Illinois
• Minnesota
• Mississippi
• Montana
• Nevada
• New Hampshire
• New Mexico
• Pennsylvania
• Wisconsin
• District of Columbia
• North Carolina
• Virgin Islands
• Arizona
• Colorado

On the other hand, the following US states are actively exporting electric generating sets under HS Code 85023900:

• Illinois
• Massachusetts
• New Mexico
• Rhode Island
• Wisconsin
• Delaware

The HS Code 85023900 plays a significant role in facilitating international trade of electric generating sets by providing a standardized classification for these products. It ensures that trade barriers are reduced and markets are opened up for the same goods or services from all trading partners. The availability of special tariff preference programs further promotes trade and encourages the import and export of electric generating sets.

Whether it's powering homes, businesses, or industries, electric generating sets covered under HS Code 85023900 are essential in meeting the growing global demand for electricity. With advancements in technology and the increasing focus on renewable energy sources, these sets are expected to play an even more crucial role in the future.