Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 87029030: Motor Vehicles for Transporting 16 or More Persons

The HS Code 87029030 refers to motor vehicles with engines other than diesel, specifically designed for the transportation of 16 or more persons. This code is used for import and export purposes, allowing countries to track and regulate the trade of these vehicles.

When 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. In the case of HS Code 87029030, the bound/MFN duty rate is 2%, which means that this rate applies every time a country reduces trade barriers for these vehicles.

The quantity unit for HS Code 87029030 is measured in numbers (NO) of vehicles being imported or exported. This unit helps in accurately recording and tracking the quantity of motor vehicles involved in international trade.

There are several special tariff preference programs that apply to HS Code 87029030. These programs provide certain countries with preferential treatment or duty-free access to the US market for these vehicles. Some of the programs include:

• Generalized System of Preferences (GSP): This program provides duty-free treatment for eligible countries.
• Australia Special Rate: Under the Automotive Products Trade Act (APTA), Australia enjoys duty-free treatment for motor vehicles.
• Chile Special Rate: Chile benefits from duty-free treatment under the NAFTA agreement.
• Israel Special Rate: Israel receives duty-free treatment for motor vehicles under the Israeli Special Rate.
• Andean Trade Preference Act (ATPA): Certain countries in the Andean region, such as Colombia, Ecuador, and Peru, enjoy special rates for motor vehicles.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Countries in the DR-CAFTA region, including the Dominican Republic, Costa Rica, and Nicaragua, receive preferential treatment.
• Singapore Special Rate: Singapore benefits from duty-free treatment for motor vehicles.

HS Code 87029030 is imported into various US states, including California, Michigan, Montana, Utah, Iowa, Maryland, South Dakota, Georgia, Hawaii, New Jersey, Oregon, Puerto Rico, Rhode Island, Tennessee, Texas, Virginia, Washington, and Florida. These states have a demand for motor vehicles designed for the transportation of 16 or more persons.

On the other hand, HS Code 87029030 is exported from the United States to states such as the District of Columbia, Iowa, Minnesota, South Dakota, Kentucky, Delaware, Indiana, Michigan, Mississippi, Missouri, Oregon, Illinois, Alabama, South Carolina, Ohio, Virgin Islands, California, Florida, New York, and Kansas. These states have a demand for motor vehicles for public transportation.

HS Code 87029030 plays a crucial role in regulating and monitoring the international trade of motor vehicles for the transportation of 16 or more persons. The code ensures that countries adhere to fair trade practices and provides opportunities for preferential treatment under special tariff preference programs. It also helps in tracking the quantity of vehicles being imported or exported, allowing for better analysis of market trends and demands.