HS Code 86039000 refers to self-propelled railway or tramway coaches, vans, and trucks that are not powered from an external source of electricity. This code is used for the classification and identification of these specific types of vehicles in international trade.
When it comes to trade barriers and market access, the Bound / MFN duty rate for products falling under HS Code 86039000 is 5%. It is important to note that every time 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 principle ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for products classified under HS Code 86039000 is "number" (NO). This unit indicates that the count or measurement of these vehicles is done based on the number of individual units imported or exported.
There are several special tariff preference programs applicable to products classified under HS Code 86039000. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries enjoy free trade under these programs: Australia, Bahrain, Canada (under NAFTA), Chile, European Union (EU), Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States.
Each of these countries has specific agreements or arrangements with the United States that allow for duty-free treatment or special rates for products falling under HS Code 86039000. For example, the Generalized System of Preferences (GSP) provides duty-free treatment for eligible products from various developing countries. Similarly, NAFTA (North American Free Trade Agreement) allows for duty-free treatment between the United States, Canada, and Mexico.
When importing products classified under HS Code 86039000, it is important to consider the specific regulations and requirements of the exporting and importing US states. Different states may have varying regulations regarding the importation of these vehicles, including safety standards and emissions requirements.
HS Code 86039000 is used to classify self-propelled railway or tramway coaches, vans, and trucks that are not powered from an external source of electricity. This code is accompanied by a 5% Bound / MFN duty rate, which must be applied equally to all trading partners. Various special tariff preference programs provide certain countries with duty-free treatment or special rates for these products. Importers should also be aware of the specific regulations and requirements of the exporting and importing US states when dealing with products falling under this HS code.