The HS Code 87087045 refers to a specific category of products known as "Pts. & access. of mtr. vehic. of 8701, nesoi, and of 8702-8705, road wheels." This code is used to classify and regulate the import and export of these particular automotive parts and accessories. In this article, we will explore the details of this HS code, its associated duty rates, special tariff preference programs, and the US states involved in importing and exporting these products.
The product description for HS Code 87087045 is "Pts. & access. of mtr. vehic. of 8701, nesoi, and of 8702-8705, road wheels." This means that it includes various parts and accessories related to motor vehicles, excluding those classified under other specific HS codes. It specifically focuses on road wheels, which are essential components of any vehicle.
The bound / MFN (Most Favored Nation) duty rate for HS Code 87087045 is 2.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply this duty rate equally to all its trading partners for the same goods or services. This rate ensures fair trade practices and prevents any discriminatory treatment among trading nations.
The quantity unit for HS Code 87087045 is "number (NO)." This unit indicates that the products classified under this HS code are measured and counted individually, rather than being weighed or measured by volume. It helps in accurately determining the quantity of units being imported or exported.
Several special tariff preference programs are associated with HS Code 87087045. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries and programs are applicable:
These programs promote trade facilitation and encourage international cooperation among participating countries.
Several US states are involved in importing products classified under HS Code 87087045. The following states are known for their significant import activities:
These states play a crucial role in the importation of HS Code 87087045 products, contributing to the overall automotive industry and aftermarket sector in the United States.
On the other hand, the following US states are actively involved in exporting products classified under HS Code 87087045:
These states actively contribute to the exportation of HS Code 87087045 products, showcasing their manufacturing capabilities and competitiveness in the global automotive market.
HS Code 87087045 covers various parts and accessories related to motor vehicles, specifically road wheels. It has a bound / MFN duty rate of 2.5% and is associated with several special tariff preference programs. The importation and exportation of these products involve various US states, emphasizing their significance in the automotive industry and international trade.