Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 85074080: Nickel-iron storage batteries

HS Code 85074080 refers to nickel-iron storage batteries, which are a type of battery used for various purposes other than being the primary source of power for electric vehicles. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.

Product Description

Nickel-iron storage batteries, classified under HS Code 85074080, are a type of rechargeable battery that uses nickel and iron as the main components. These batteries are commonly used in industrial applications, backup power systems, and renewable energy storage. They are known for their durability and long lifespan, making them suitable for demanding applications.

Duty Rates

The bound or most-favored-nation (MFN) duty rate for HS Code 85074080 is 3.4%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 3.4% to nickel-iron storage batteries imported from all its trading partners. The duty rate is a percentage of the customs value of the goods and is payable by the importer.

Quantity Unit

The quantity unit for HS Code 85074080 is "number" (NO), indicating that the batteries are measured and traded based on the number of units. This unit is used to determine the quantity of batteries being imported or exported.

Special Tariff Preference Programs

There are several special tariff preference programs applicable to nickel-iron storage batteries classified under HS Code 85074080. These programs provide preferential treatment in terms of duty rates or duty-free treatment for eligible countries. Some of the programs relevant to this HS code are:

• Generalized System of Preferences (GSP): This program offers duty-free treatment for eligible developing countries.
• Australia Special Rate: Duty-free treatment under the Automotive Products Trade Act (APTA).
• Bahrain Special Rate: Duty-free treatment for batteries imported from Bahrain.
• Agreement on Trade in Civil Aircraft: Duty-free treatment for batteries used in civil aircraft.
• NAFTA for Canada and Mexico: Duty-free treatment for batteries imported from Canada and Mexico under the North American Free Trade Agreement.
• Chile Special Rate: Duty-free treatment for batteries imported from Chile.
• Caribbean Basin Initiative (CBI): Duty-free treatment for batteries imported from eligible countries in the Caribbean region.
• Israel Special Rate: Duty-free treatment for batteries imported from Israel.
• Andean Trade Preference Act (ATPA): Duty-free treatment for batteries imported from eligible countries in the Andean region.
• Jordan Special Rate: Duty-free treatment for batteries imported from Jordan.
• Morocco Special Rate: Duty-free treatment for batteries imported from Morocco.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Duty-free treatment for batteries imported from eligible countries in the DR-CAFTA region.
• Peru Special Rate: Duty-free treatment for batteries imported from Peru.
• Singapore Special Rate: Duty-free treatment for batteries imported from Singapore.

Importing and Exporting US States

For the importation of nickel-iron storage batteries classified under HS Code 85074080, the following US states are involved:

• Washington
• Nevada

The exporting US states are not specified in the available data.

HS Code 85074080 represents nickel-iron storage batteries used for various applications. It has a duty rate of 3.4% and is measured in units. Additionally, there are several special tariff preference programs that provide duty-free treatment or reduced duty rates for eligible countries importing these batteries. Importation of these batteries involves states like Washington and Nevada. These batteries play a crucial role in industries, backup power systems, and renewable energy storage.