The HS Code 86079910 refers to a specific category of parts that are used in railway and tramway systems. These parts are specifically designed for non-self-propelled passenger coaches or freight cars, excluding brake regulators.
When it comes to trade, the HS Code is an important classification system that is used worldwide. It helps in the identification and categorization of different products for the purpose of international trade. The HS Code 86079910 ensures that these specific parts are properly classified and regulated during import and export processes.
The product description for the HS Code 86079910 clearly states that it includes parts for railway and tramway systems. These parts are specifically designed for non-self-propelled passenger coaches or freight cars. It is important to note that brake regulators are not included in this category.
When it comes to the duty rate for this HS Code, it is set at 2.8%. This means that whenever 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 is applicable to any imports or exports of parts falling under the HS Code 86079910.
The quantity unit for this HS Code is stated as "no units collected (X)". This indicates that there is no specific unit of measurement for these parts. The quantity may vary depending on the specific requirements and specifications of the railway or tramway system in which these parts are used.
There are also special tariff preference programs in place for the HS Code 86079910. These programs provide certain countries with preferential treatment when it comes to import duties. The following countries are eligible for special tariff preference programs for this HS Code: Australia, Bahrain, Canada, Chile, European Union (EU), Israel, Japan, Jordan, Morocco, Mexico, Oman, Peru, Singapore.
These special tariff preference programs allow these countries to import or export these parts duty-free or at a reduced duty rate. For example, the Generalized System of Preferences (GSP) provides duty-free treatment for imports from eligible countries. Similarly, NAFTA (North American Free Trade Agreement) provides duty-free treatment for imports from Canada and Mexico.
It is important for importers and exporters to be aware of these special tariff preference programs and take advantage of them to reduce costs and promote international trade. The HS Code 86079910 plays a crucial role in determining the eligibility and application of these special tariff preference programs.
the HS Code 86079910 refers to parts (other than brake regulators) for railway and tramway systems, specifically designed for non-self-propelled passenger coaches or freight cars. This HS Code is subject to a duty rate of 2.8% and is eligible for special tariff preference programs for certain countries. Importers and exporters should be familiar with these regulations and programs to facilitate trade and reduce costs.