The HS Code 87060030 refers to chassis that are fitted with engines and are suitable for use in agricultural tractors. This code is used to classify and identify this specific type of product for international trade purposes. The code is part of the Harmonized System (HS), which is an international standard for classifying and coding goods.
The product description for HS Code 87060030 is chassis fitted with engines for tractors suitable for agricultural use. This means that the chassis and engines are specifically designed and built for agricultural tractors. The chassis is the framework that holds the engine, transmission, and other components of the tractor together.
The engines fitted on these chassis are designed to provide the necessary power and torque required for agricultural applications. They are typically diesel engines, as diesel fuel is commonly used in agricultural machinery due to its efficiency and availability.
The bound or Most Favored Nation (MFN) duty rate for HS Code 87060030 is free. This means that countries are not required to impose any import duties or tariffs on this specific product. It is important to note that the MFN duty rate applies to all trading partners of a country. Therefore, if 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 quantity unit for HS Code 87060030 is in numbers (NO). This means that the quantity of the product is measured in individual units.
HS Code 87060030 is eligible for several special tariff preference programs. These programs provide preferential treatment and may result in duty-free or reduced-duty importation of the product. The following countries have special rates or duty-free treatment for this HS Code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
The following US states are known to import products classified under HS Code 87060030:
These states have a demand for chassis fitted with engines for agricultural tractors and are likely to import them from other countries.
The following US states are known to export products classified under HS Code 87060030:
These states have the capability to manufacture or assemble chassis fitted with engines for agricultural tractors and export them to other countries.
HS Code 87060030 represents chassis fitted with engines for tractors suitable for agricultural use. This code is used to classify and identify this specific type of product for international trade. The code is accompanied by a product description, duty rates, special tariff preference programs, and information about importing and exporting US states.
Understanding the HS code and its associated data is important for importers, exporters, and policymakers as it enables them to effectively navigate international trade regulations and identify market opportunities for specific products.