The Harmonized System (HS) Code 87088060 refers to the parts and accessories of motor vehicles that fall under the categories of 8701, nesoi (not elsewhere specified or included), and 8702-8705, of cast iron nesoi (not elsewhere specified or included).
These HS codes are used for classification purposes in international trade to standardize the description of goods. They help countries determine the appropriate customs duties, regulations, and trade policies for specific products.
When importing products classified under HS Code 87088060, it is important to be aware of the relevant information regarding duty rates, quantity units, and any special tariff preference programs that may apply.
The bound / MFN (Most Favored Nation) duty rate for HS Code 87088060 is free. This means that no customs duties are imposed on imports of these products. It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. The principle of MFN treatment ensures that countries must extend the same favorable treatment to all their trading partners for the same goods or services.
The quantity unit for HS Code 87088060 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported products. It is essential to accurately calculate the weight of the goods to comply with customs regulations and accurately declare the quantity for customs purposes.
There are several special tariff preference programs that offer duty-free treatment for imports classified under HS Code 87088060. These programs provide preferential treatment to certain countries or regions, promoting trade and economic cooperation. The following special tariff preference programs apply to HS Code 87088060:
These special tariff preference programs aim to promote trade and economic development by reducing or eliminating customs duties on eligible products.
The following US states import products classified under HS Code 87088060:
These states are involved in the importation of parts and accessories of motor vehicles classified under HS Code 87088060.
The following US states are involved in the exportation of products classified under HS Code 87088060:
These states are involved in the exportation of parts and accessories of motor vehicles classified under HS Code 87088060.
Overall, HS Code 87088060 represents a specific category of parts and accessories of motor vehicles made of cast iron. Importers and exporters should be aware of the relevant duty rates, special tariff preference programs, and the specific states involved in the trade of these products. Understanding and complying with the regulations and requirements associated with HS Code 87088060 is crucial for smooth and efficient international trade.