An Extensive Guide to HS Code 87089955: Pts. & access. of motor vehicles of 8701, nesoi, and 8702-8705, vibration control goods containing rubber
The HS Code 87089955 corresponds to parts and accessories of motor vehicles classified under HS codes 8701, nesoi (not elsewhere specified or included), and 8702-8705. These parts and accessories are specifically related to vibration control goods containing rubber. In this article, we will explore the details of this HS code, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
Product Description:
HS Code 87089955 refers to parts and accessories of motor vehicles that are not specified elsewhere and are classified under HS codes 8701, nesoi, and 8702-8705. These parts and accessories are specifically designed to control vibration and contain rubber components. They play a crucial role in enhancing the performance, safety, and comfort of motor vehicles.
Duty Rates:
The bound or most-favored-nation (MFN) duty rate for HS Code 87089955 is 2.5%. It is important to note that whenever 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. This ensures fair and equal treatment in international trade.
Special Tariff Preference Programs:
HS Code 87089955 is eligible for various special tariff preference programs that provide duty-free treatment. These programs include:
1. Generalized System of Preferences (GSP): Under this program, eligible countries can receive duty-free treatment for imports.
2. Australia Special Rate: Automotive Products Trade Act (APTA) provides duty-free treatment for imports from Australia.
3. Bahrain Special Rate: Imports from Bahrain are eligible for duty-free treatment.
4. NAFTA for Canada: Imports from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
5. Chile Special Rate: Imports from Chile are eligible for duty-free treatment.
6. Caribbean Basin Initiative (CBI): This program provides duty-free treatment for imports from designated Caribbean countries.
7. Israel Special Rate: Imports from Israel receive duty-free treatment.
8. Andean Trade Preference Act (ATPA): Imports from countries eligible under ATPA receive duty-free treatment.
9. Jordan Special Rate: Imports from Jordan are eligible for duty-free treatment.
10. Morocco Special Rate: Imports from Morocco receive duty-free treatment.
11. NAFTA for Mexico: Imports from Mexico under NAFTA receive duty-free treatment.
12. Oman Special Rate: Imports from Oman are eligible for duty-free treatment.
13. Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from countries under DR-CAFTA receive duty-free treatment.
14. Peru Special Rate: Imports from Peru are eligible for duty-free treatment.
15. Singapore Special Rate: Imports from Singapore receive duty-free treatment.
Importing US States:
HS Code 87089955 is imported by various states in the United States. Some of the states that import these motor vehicle parts and accessories include Utah, Alabama, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, and West Virginia. These states recognize the importance of these products in maintaining and improving the performance of motor vehicles.
Exporting US States:
On the other hand, some US states are known for exporting HS Code 87089955 products. These states include Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Ohio, Rhode Island, South Carolina, Tennessee, Virginia, and Wisconsin. These states have established themselves as key exporters of motor vehicle parts and accessories containing rubber for vibration control.
HS Code 87089955 represents parts and accessories of motor vehicles related to vibration control goods containing rubber. Importing and exporting states in the US play a significant role in the trade of these products. With special tariff preference programs and duty rates, this HS code facilitates the smooth flow of trade and supports the automotive industry worldwide.
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