Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 87043100: A Comprehensive Guide to Motor Vehicles for Transport of Goods

The HS Code 87043100 refers to motor vehicles designed for the transportation of goods, equipped with spark-ignition internal combustion reciprocating piston engines, and having a Gross Vehicle Weight (G.V.W.) not exceeding 5 metric tons. In this article, we will explore the product description, tariff rates, special tariff preference programs, and the states involved in importing and exporting this product.

Product Description

Motor vehicles classified under HS Code 87043100 are specifically designed for the transportation of goods. These vehicles are equipped with spark-ignition internal combustion reciprocating piston engines. The Gross Vehicle Weight (G.V.W.) of these vehicles should not exceed 5 metric tons. It is important to note that the HS Code provides a standardized classification system for traded goods globally.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for HS Code 87043100 is 25%. This means 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. The 25% duty rate applies to imports of motor vehicles for the transport of goods under this HS Code.

Quantity Unit

The quantity unit for HS Code 87043100 is measured in numbers (NO). This unit represents the number of motor vehicles for transport of goods being imported or exported.

Special Tariff Preference Programs

Under HS Code 87043100, there are several special tariff preference programs that offer different duty rates for importing countries. The following special tariff preference programs are applicable:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under this subheading receive duty-free treatment.
• Australia Special Rate: Automotive Products Trade Act (APTA) offers duty-free treatment for imports from Australia.
• Bahrain Special Rate
• NAFTA for Canada: Duty-free treatment for imports from Canada under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate
• Africa Growth and Opportunity Act (AGOA): Duty-free treatment for imports under this act.
• Caribbean Basin Initiative (CBI)
• Israel Special Rate
• Andean Trade Preference Act (ATPA)
• Jordan Special Rate
• Morocco Special Rate
• NAFTA for Mexico
• Oman Special Rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru Special Rate
• Singapore Special Rate: Duty rate of 7.5% for imports from Singapore.

These special tariff preference programs provide different duty rates depending on the origin of the imported motor vehicles for transport of goods.

Importing US States

HS Code 87043100 motor vehicles for transport of goods are imported into several US states. The importing states include:

• California
• Michigan
• Montana
• Utah

Exporting US States

The motor vehicles classified under HS Code 87043100 are exported from the following US states:

• District of Columbia
• Iowa
• Minnesota
• South Dakota
• Kentucky
• Delaware
• Indiana
• Mississippi
• Missouri

These states play a crucial role in the exportation of motor vehicles for the transport of goods under this HS Code.

HS Code 87043100 represents motor vehicles for the transport of goods with specific characteristics. The bound duty rate for these vehicles is 25%. However, various special tariff preference programs provide different duty rates based on the origin of the imports. This HS Code is important for customs and trade authorities in regulating and monitoring the import and export of motor vehicles for the transport of goods.