The HS Code 87079010 refers to bodies (including cabs) for tractors that are suitable for agricultural use. This code is used to classify and track these specific products in international trade. Understanding the HS code system is important for importers, exporters, and customs officials to ensure proper classification and assessment of duties and taxes.
When it comes to trade barriers and market access, the bound or most-favored-nation (MFN) duty rate for this HS code is free. 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. This promotes fair and equal treatment in international trade.
The quantity unit for this HS code is measured in numbers (NO). This unit represents the number of bodies for tractors being imported or exported.
There are also special tariff preference programs in place for this HS code. These programs offer different duty rates depending on the country of origin or other qualifying factors. For example, imports from least-developed beneficiary developing countries are eligible for duty-free treatment under the Generalized System of Preferences (GSP) subheading. Other countries such as Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore also have special rates ranging from duty-free treatment to a 1.7% duty rate.
Importing US states for this HS code include Alabama, Arkansas, Michigan, Mississippi, Ohio, and South Carolina, among others. These states are involved in the importation of bodies for tractors suitable for agricultural use.
On the other hand, the exporting US states for this HS code are primarily Michigan and North Carolina. These states play a significant role in exporting bodies for tractors to other countries.
the HS Code 87079010 represents bodies for tractors suitable for agricultural use. This code helps classify and track these products in international trade. Understanding the code, its duty rates, and special tariff preference programs is crucial for importers, exporters, and customs officials. It ensures fair trade practices and accurate assessment of duties and taxes. The importation and exportation of these bodies for tractors contribute to the agricultural sector and equipment industry.