Golf carts and similar motor vehicles fall under HS Code 87031050. This code is used to classify these vehicles for international trade purposes. In this article, we will explore various aspects of this HS code, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
Golf carts and similar motor vehicles are included in HS Code 87031050. This code specifically covers vehicles designed for use on golf courses or for similar recreational purposes. These vehicles are typically electric or gas-powered and are used to transport people and equipment around golf courses or other recreational areas.
The bound or most-favored-nation (MFN) duty rate for HS Code 87031050 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 2.5% duty rate applies to the import of golf carts and similar motor vehicles.
Golf carts and similar motor vehicles classified under HS Code 87031050 are eligible for various special tariff preference programs. These programs provide preferential treatment, including duty-free treatment, for imports of these vehicles from specific countries. The countries and programs include:
The following US states are known for importing golf carts and similar motor vehicles classified under HS Code 87031050:
The following US states are known for exporting golf carts and similar motor vehicles classified under HS Code 87031050:
HS Code 87031050 is used to classify golf carts and similar motor vehicles for international trade. It is important for importers and exporters to be aware of the duty rates and special tariff preference programs associated with this code. Additionally, knowing the importing and exporting US states can be useful for businesses in the golf cart industry.