The HS Code 87087035 refers to the classification code used for parts and accessories of tractors that are not road tractors or intended for agricultural use. It also includes parts and accessories specifically designed for road wheels.
When importing or exporting goods, it is essential to understand the HS code as it helps determine the customs duties, taxes, and regulations associated with the specific product category. The HS code is an internationally recognized system developed by the World Customs Organization (WCO) to classify and categorize goods for customs purposes.
The product description for HS Code 87087035 includes various parts and accessories that are designed to enhance the functionality and performance of tractors. These parts and accessories can include but are not limited to engine components, electrical systems, braking systems, steering systems, suspension systems, and other components required for the proper functioning of tractors.
It is important to note that the bound or MFN (Most Favored Nation) duty rate for HS Code 87087035 is free. This means that countries must lower trade barriers and open up their markets for the same goods or services from all their trading partners. This policy promotes fair and equal trade among nations.
Additionally, there are special tariff preference programs available for HS Code 87087035. These programs offer duty-free treatment for imports from specific countries. The countries included in these special tariff preference programs for HS Code 87087035 are:
These special tariff preference programs provide certain countries with advantageous trade terms and lower or eliminate import duties for HS Code 87087035.
When importing HS Code 87087035 into the United States, the data suggests that the majority of imports are received by the following states: Utah, Alabama, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, and West Virginia. These states have a significant demand for parts and accessories of tractors and road wheels.
On the other hand, the major exporting states for HS Code 87087035 from the United States are Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Ohio, Rhode Island, South Carolina, Tennessee, Virginia, and Wisconsin. These states have a significant presence in the global market for tractor parts and accessories.
HS Code 87087035 represents parts and accessories of tractors (other than road tractors or for agricultural use), as well as parts and accessories for road wheels. Understanding the HS code and the associated duty rates, special tariff preference programs, and importing/exporting states can help businesses navigate international trade regulations and make informed decisions regarding their import and export activities.