The HS Code 87089510 refers to parts and accessories of tractors that are specifically designed for agricultural use. These parts include safety airbags with an inflater system, which are essential for ensuring the safety of the tractor operator.
When it comes to international trade, the HS code plays a crucial role in identifying and classifying products. It is a standardized system used worldwide to classify traded goods, making it easier for countries to track imports and exports and apply the appropriate tariffs or trade policies.
Bound / MFN duty rate refers to the rate at which the product is taxed when imported into a country. In the case of HS Code 87089510, the bound / MFN duty rate is free. This means that the product can be imported into any country without incurring any taxes or duties. It is important to note that this duty rate applies when a country lowers a trade barrier or opens up a market for the same goods or services from all its trading partners.
Quantity unit number (NO) indicates the unit of measurement used for this product. In this case, the quantity unit number is "number," which means that the parts and accessories are measured by the number of units.
Special tariff preference programs provide certain countries with preferential treatment in terms of duty rates. For HS Code 87089510, the following countries are eligible for duty-free treatment under various special tariff preference programs:
These special tariff preference programs allow these countries to import parts and accessories of tractors suitable for agricultural use without paying any duties.
Importing US states for HS Code 87089510 include:
Exporting US states for HS Code 87089510 include:
Overall, HS Code 87089510 plays a vital role in the classification, import, and export of parts and accessories for tractors suitable for agricultural use. It ensures that these products are properly identified and that appropriate tariffs or preferential treatment are applied for international trade.