Harmonized System Codes • Schedule B • Harmonized Commodity Description

Understanding HS Code 87060003: Chassis fitted w/engines, for mtr. vehicles for transport of goods

The HS Code 87060003 refers to chassis fitted with engines, specifically designed for motor vehicles used for the transportation of goods. This code is classified under the broader category of motor vehicles for the transport of goods, which includes subheadings 8704.21 and 8704.31.

When importing goods under this HS code, it is important to understand the various regulations and trade policies associated with it. Let's explore some key information related to HS Code 87060003:

Bound / MFN Duty Rate

• The bound / MFN duty rate for products under HS Code 87060003 is 4%. 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.

Quantity Unit

• The quantity unit for products classified under HS Code 87060003 is number (NO). This indicates that the unit of measurement for these products is a single unit, typically a chassis fitted with an engine.

Special Tariff Preference Programs

• Products imported under HS Code 87060003 may be eligible for special tariff preference programs. The following countries and trade agreements offer duty-free treatment for imports under this code:

• A+ (Least-developed beneficiary developing countries eligible for GSP under that subheading)
• AU (Australia Special Rate)
• B (Automotive Products Trade Act - APTA)
• BH (Bahrain Special Rate)
• CA (NAFTA for Canada)
• CL (Chile Special Rate)
• D (Africa Growth and Opportunity Act - AGOA)
• E (Caribbean Basin Initiative - CBI)
• IL (Israel Special Rate)
• J (Andean Trade Preference Act - ATPA)
• JO (Jordan Special Rate)
• MA (Morocco Special Rate)
• MX (NAFTA for Mexico)
• OM (Oman Special Rate)
• P (Dominican Republic-Central American Special Rate - DR-CAFTA)
• PE (Peru Special Rate)
• SG (Singapore Special Rate)

It is important to note that these special tariff preference programs may change or be updated over time. Importers should always verify the current eligibility and requirements before importing goods under HS Code 87060003.

Importing and Exporting US States

HS Code 87060003 covers the import and export of chassis fitted with engines for motor vehicles used in the transportation of goods. The specific importing and exporting US states may vary depending on market demand and trade patterns.

understanding the HS Code 87060003 is crucial for importers and exporters involved in the trade of chassis fitted with engines for the transport of goods. By considering the bound / MFN duty rate, quantity unit, and special tariff preference programs, businesses can effectively navigate the regulations and take advantage of any available trade benefits.