The HS Code 87085099 refers to parts and accessories of motor vehicles that are not classified under HS codes 8701, 8702, and 8704-8705. This code specifically includes parts related to drive axles with different characteristics, whether or not they are combined with other transmission components.
When it comes to international trade, the HS code is used as a standardized system to classify products for customs purposes. It allows countries to identify and regulate imports and exports efficiently. The HS code 87085099 is crucial in ensuring accurate classification and smooth international trade for parts and accessories of motor vehicles.
The bound / MFN (Most Favored Nation) duty rate for HS code 87085099 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. The 2.5% duty rate is applied regardless of the country of origin.
The quantity unit for HS code 87085099 is "number" (NO), indicating that the quantity of parts and accessories of motor vehicles is measured in individual units.
Several special tariff preference programs are available for HS code 87085099. These programs provide certain countries with preferential treatment, including duty-free imports. The countries eligible for these programs are as follows:
These special tariff preference programs aim to foster trade relationships and promote economic cooperation between countries by reducing or eliminating import duties for specific goods.
For the importation of goods under HS code 87085099 into the United States, the following states have been recorded:
On the other hand, the following states have been reported as exporting goods under HS code 87085099 from the United States:
These states play a significant role in the import and export of parts and accessories of motor vehicles, contributing to the overall trade balance in this sector.
HS code 87085099 encompasses various parts and accessories of motor vehicles that are not covered by other specific HS codes. It is crucial for accurate classification, international trade regulations, and determining duty rates. The special tariff preference programs and the involvement of specific US states further highlight the importance and impact of this HS code in the global automotive industry.