The HS Code 87084011 refers to parts and accessories of motor vehicles of 8701.20, 8702, 8703, or 8704, specifically gear boxes. This code is used to classify and identify this particular product in international trade.
The product description for HS Code 87084011 is "parts and accessories of motor vehicles of 8701.20, 8702, 8703, or 8704, gear boxes." Gear boxes are an essential component of motor vehicles as they transmit power from the engine to the wheels, enabling the vehicle to change gears and control speed.
The bound / MFN (Most-Favored Nation) duty rate for HS Code 87084011 is 2.5%. 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 2.5% duty rate applies to the import of gear boxes under this HS Code.
The quantity unit for HS Code 87084011 is the number (NO). This unit represents the number of gear boxes being imported or exported under this code.
Under HS Code 87084011, there are several special tariff preference programs that offer duty-free treatment for the import of gear boxes. These programs include:
The following US states have been identified as importers of gear boxes under HS Code 87084011:
These states are actively engaged in the importation of gear boxes, indicating the demand for this product in the automotive industry.
On the other hand, the following US states have been identified as exporters of gear boxes under HS Code 87084011:
These states play a significant role in supplying gear boxes to domestic and international markets.
HS Code 87084011 represents parts and accessories of motor vehicles, specifically gear boxes. This code is used to classify and track the import and export of gear boxes in international trade. The 2.5% bound / MFN duty rate applies to the importation of gear boxes under this code. Various special tariff preference programs offer duty-free treatment for gear boxes imported from specific countries. The importing and exporting US states play a crucial role in the trade of gear boxes, reflecting the demand and supply dynamics in the automotive industry.