The HS Code 87085051 refers to the parts and accessories of motor vehicles of HS Code 8703, specifically drive axles with differentials. These components may or may not include other transmission components. This HS code is crucial for trade and import/export purposes, as it helps classify and identify these specific products.
When it comes to the duty rates associated with HS Code 87085051, the bound/MFN (Most-Favored Nation) duty rate is 2.5%. MFN 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. This rate is applicable to imports of drive axles with differentials under this HS code.
The quantity unit for HS Code 87085051 is number (NO), which means the quantity of products is measured in numbers or units.
There are several special tariff preference programs associated with HS Code 87085051. These programs provide specific benefits and duty-free treatment for importing countries. The countries eligible for these programs include:
When it comes to importing, several US states are involved in the trade of products classified under HS Code 87085051. These states include Alabama, Arkansas, Michigan, Mississippi, Ohio, and South Carolina. These states import these drive axles with differentials for use in motor vehicles.
On the other hand, the exporting US states for products under HS Code 87085051 include Michigan and North Carolina. These states are actively involved in exporting these drive axles with differentials to other countries.
HS Code 87085051 plays a critical role in international trade, ensuring proper classification and identification of drive axles with differentials and facilitating the smooth flow of goods across borders. Understanding this HS code is essential for importers, exporters, and government authorities involved in trade and customs regulations.