The HS Code 87060005 refers to chassis fitted with engines for motor vehicles. This code specifically includes products that fall under the categories of HS Code 8701.20, 8702, and 8704, with the exception of 8704.21 or 8704.31.
When importing products with this HS code, it is important to consider the regulations and tariffs associated with it. The bound / MFN duty rate for this code is 4%, which 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 "number" (NO), indicating that it represents the number of chassis fitted with engines being imported or exported.
There are also special tariff preference programs applicable to this HS code. These programs provide specific benefits or duty-free treatment for imports from certain countries. The countries eligible for these special rates are as follows:
These special rates provide opportunities for duty-free treatment or reduced tariffs for imports from these countries, promoting trade and economic cooperation.
When importing or exporting products with HS Code 87060005, it is also important to consider the specific regulations and requirements of the importing and exporting US states. Different states may have their own additional regulations or restrictions regarding the import or export of motor vehicle chassis fitted with engines.
HS Code 87060005 represents chassis fitted with engines for motor vehicles. It is important to be aware of the associated tariffs, special tariff preference programs, and any additional regulations of the importing and exporting US states when dealing with products under this HS code.