Static converters, specifically rectifiers, fall under the HS Code 85044095. This HS code is used to classify and identify these particular products for international trade. In this article, we will explore the product description, duty rates, special tariff preference programs, and the importing and exporting US states associated with HS Code 85044095.
HS Code 85044095 refers to static converters that are not elsewhere specified or included (nesoi). In this case, it specifically includes rectifiers. Rectifiers are electronic devices used to convert alternating current (AC) to direct current (DC). They are commonly used in various applications, such as power supplies, battery chargers, and motor drives.
The bound or Most Favored Nation (MFN) duty rate for HS Code 85044095 is 1.5%. The MFN duty rate means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate applies to the import of static converters (rectifiers) classified under this HS code.
There are several special tariff preference programs available for products classified under HS Code 85044095. These programs provide preferential treatment in terms of duty rates. The following are the special tariff preference programs associated with this HS code:
These special tariff preference programs provide certain countries or regions with duty-free treatment or specific rate reductions for imports of static converters (rectifiers) classified under this HS code.
When it comes to importing static converters (rectifiers) under HS Code 85044095, the following US states are involved:
These states are known for their import activities related to static converters (rectifiers) classified under HS Code 85044095.
On the other hand, the following US states are involved in exporting static converters (rectifiers) under HS Code 85044095:
These states are known for their export activities of static converters (rectifiers) classified under this HS code.
HS Code 85044095 plays a significant role in the classification, trade, and movement of static converters (rectifiers) in international markets. Understanding the product description, duty rates, special tariff preference programs, and the involvement of different US states can help importers, exporters, and traders navigate the regulations and requirements associated with this HS code.