When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code is a globally recognized coding system used to classify products based on their characteristics, composition, and intended use. Each HS Code is unique and represents a specific product or group of products. In this article, we will delve into the details of HS Code 86069100, which pertains to railway or tramway freight cars that are not self-propelled, closed, and covered.
Product Description: Railway or Tramway Freight Cars NESOI, Closed and Covered, Not Self-Propelled
HS Code 86069100 specifically refers to railway or tramway freight cars that are not self-propelled, closed, and covered. These freight cars are designed to transport goods on railway or tramway systems. They are typically closed and covered to protect the goods from external elements during transportation.
Bound / MFN Duty Rate: 14%
The bound or most-favored-nation (MFN) duty rate for HS Code 86069100 is 14%. This 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. The 14% duty rate is applicable to the import of these railway or tramway freight cars in most countries.
Quantity Unit: Number (NO)
The quantity unit for HS Code 86069100 is the number (NO). This unit indicates that the quantity of railway or tramway freight cars is measured in terms of the number of individual units imported or exported.
Special Tariff Preference Programs:
Importing US States: [List of US states]
Exporting US States: [List of US states]
HS Code 86069100 represents railway or tramway freight cars that are not self-propelled, closed, and covered. The code is used for international trade purposes to classify and track the import and export of these products. It is important for businesses and individuals involved in the transportation and logistics industry to be familiar with the specific HS Code applicable to their goods to ensure compliance with trade regulations and to take advantage of any special tariff preference programs that may be available.