The HS Code 87089505 refers to parts and accessories of bodies for motor vehicles falling under headings 8701 to 8705, specifically inflators and modules for airbags. This code is used to classify and identify these specific products for trade and customs purposes.
When importing goods with this HS Code into the United States, there are certain regulations and considerations to keep in mind. The bound or Most Favored Nation (MFN) duty rate for these products 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 quantity unit for this HS Code is measured in numbers (NO), which indicates the number of units being imported or exported.
There are also special tariff preference programs available for this HS Code. It is eligible for free trade under various programs such as the Generalized System of Preferences (GSP), Automotive Products Trade Act (APTA), NAFTA for Canada and Mexico, Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and more. These programs provide duty-free treatment for the importation of these goods from specific countries.
When it comes to importing this HS Code into the United States, the following states are known for their import activities: 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 volume of imports for this product category.
On the other hand, the exporting states for this HS Code include Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Ohio, Rhode Island, South Carolina, Tennessee, Virginia, and Wisconsin. These states are known for their exports of these parts and accessories.
HS Code 87089505 represents parts and accessories of bodies for motor vehicles, specifically inflators and modules for airbags. It is important to understand the duty rates, special tariff preference programs, and the states involved in importing and exporting these goods. By adhering to the regulations and taking advantage of the available trade programs, businesses can effectively engage in the trade of these products.