The HS Code 87079050 refers to bodies (including cabs) for motor vehicles, excluding those used for agricultural purposes. This code falls under headings 8701-8705 of the Harmonized System, with the exception of heading 8703.
When it comes to international trade, the HS code plays a crucial role in classifying products and determining the applicable tariffs and trade barriers. In the case of HS Code 87079050, the bound or Most Favored Nation (MFN) duty rate is set at 4%. 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 number (NO), indicating that the measurement is based on the number of bodies for motor vehicles imported or exported.
Several special tariff preference programs are applicable to imports of bodies for motor vehicles under HS Code 87079050. These programs provide either duty-free treatment or reduced tariffs for eligible countries. Here are some of the programs and their corresponding rates:
These special tariff preference programs aim to promote trade and economic development between countries by providing preferential treatment to specific products.
HS Code 87079050 is imported by several states in the United States. The following states are involved in importing bodies for motor vehicles:
These states play a significant role in the importation of bodies for motor vehicles, contributing to the overall trade volume in this sector.
On the other hand, the following states are involved in exporting bodies for motor vehicles under HS Code 87079050:
These states contribute to the exportation of bodies for motor vehicles, showcasing their manufacturing capabilities and international trade presence.
HS Code 87079050 encompasses bodies for motor vehicles, excluding those used for agricultural purposes. This code is subject to the bound duty rate of 4% and is eligible for various special tariff preference programs. The importation and exportation of bodies for motor vehicles under this HS code involve multiple states in the United States, highlighting the importance of this sector in international trade.