Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 85049075: Printed Circuit Assemblies of Electrical Transformers, Static Converters, and Inductors, nesoi

When it comes to international trade, it is essential to have a standardized system for classifying goods to ensure smooth transactions between countries. The Harmonized System (HS) Code is a globally recognized classification system that categorizes products based on their characteristics, composition, and purpose.

One such HS Code is 85049075, which refers to printed circuit assemblies of electrical transformers, static converters, and inductors, nesoi. This code is used to identify a specific type of product that falls within the broader category of electrical transformers, static converters, and inductors.

Printed circuit assemblies play a crucial role in the functioning of various electrical devices and systems. They consist of a combination of electronic components, such as resistors, capacitors, and integrated circuits, mounted on a printed circuit board (PCB). These assemblies are responsible for providing the necessary power conversion and signal processing functions in many electrical applications.

The HS Code 85049075 is further characterized by various details that provide additional information about the product. Let's take a closer look at some of these details:

• Bound / MFN duty rate: The bound or Most Favored Nation (MFN) duty rate for HS Code 85049075 is 2.4%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the same goods or services from all its trading partners. This rate ensures fair and equal treatment for all trading partners.
• Quantity unit: The quantity unit for HS Code 85049075 is the number (NO). This unit signifies that the product is measured and traded based on the number of printed circuit assemblies.
• Special tariff preference programs: Several special tariff preference programs apply to HS Code 85049075. These programs provide specific benefits and exemptions from import duties for countries participating in them. Some of the programs applicable to this HS Code include the Generalized System of Preferences (GSP), Automotive Products Trade Act (APTA), Caribbean Basin Initiative (CBI), and NAFTA for Canada and Mexico. These programs aim to promote trade and economic cooperation between the participating countries.
• Importing and Exporting US states: HS Code 85049075 is used for tracking the import and export of printed circuit assemblies of electrical transformers, static converters, and inductors, nesoi in the United States. The code helps identify the states involved in these transactions, ensuring accurate trade data and statistics.

Understanding HS Code 85049075 is crucial for importers, exporters, and customs authorities to classify and track the trade of printed circuit assemblies of electrical transformers, static converters, and inductors. It ensures transparency and consistency in international trade, promoting fair competition and facilitating the movement of goods across borders.

Next time you come across HS Code 85049075, you'll know that it represents a specific category of electronic components used in various electrical applications. Its classification and associated details help simplify the complexities of international trade and ensure a level playing field for all trading partners.