The HS Code 87085061 refers to the product description "Pts. & access. of mtr. vehic. of 8701, nesoi, 8702, and 8704-8705, drive axles w/different. (wheth or not w/oth transm components)". This code is used to classify and identify drive axles used in motor vehicles. In this article, we will explore the details of this HS Code, including its description, duty rates, special tariff preference programs, and the states involved in its import and export.
The HS Code 87085061 covers parts and accessories of motor vehicles classified under HS Codes 8701, not elsewhere specified or included (nesoi), 8702, and 8704-8705. Specifically, it includes drive axles with different characteristics, whether or not they are accompanied by other transmission components.
The bound or MFN (Most Favored Nation) duty rate for the HS Code 87085061 is 2.5%. 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. This ensures fair trade practices and equal treatment for all countries involved.
The HS Code 87085061 is eligible for several special tariff preference programs, providing duty-free treatment for certain countries. These programs include:
The HS Code 87085061 is imported by various states in the United States. The states involved in the import of this product are:
The HS Code 87085061 is exported by the state of Michigan and North Carolina.
Overall, the HS Code 87085061 plays a crucial role in classifying and identifying drive axles used in motor vehicles. Understanding its description, duty rates, special tariff preference programs, and the states involved in its import and export can help businesses and individuals navigate international trade and ensure compliance with customs regulations.