The HS Code 87042210 refers to motor vehicles specifically designed for the transportation of goods. These vehicles are categorized as cab chassis with a compress-ignition internal combustion reciprocating piston engine. They have a gross vehicle weight (G.V.W.) over 5 metric tons but not exceeding 20 metric tons.
When importing goods with this HS code, it is important to be aware of the associated trade regulations and tariffs. The bound or most-favored-nation (MFN) duty rate for this product is 4%. 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 quantity unit for this HS code is measured in numbers (NO), indicating the number of motor vehicles being imported.
There are several special tariff preference programs that may apply to imports of motor vehicles under this HS code. These programs provide certain countries with preferential treatment or duty-free access to the market. The eligible countries for these programs include:
When importing motor vehicles under HS Code 87042210 to the United States, the following states are major importers:
On the other hand, the following states are major exporters of motor vehicles under this HS code:
Understanding the HS Code 87042210 and its associated regulations is crucial for importers and exporters of motor vehicles for the transportation of goods. By complying with trade regulations and utilizing special tariff preference programs, businesses can optimize their operations and benefit from duty-free treatment.