HS Code 87085085: Pts. & access. of motor vehicles of 8703, half-shafts
The HS Code 87085085 refers to parts and accessories of motor vehicles falling under HS Code 8703, specifically half-shafts. In this article, we will explore the details of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs. We will also discuss the importing and exporting states in the United States for this particular HS Code.
Product Description:
The HS Code 87085085 covers the category of half-shafts, which are an important component of motor vehicles. Half-shafts, also known as axle shafts, are responsible for transmitting torque from the differential to the wheels of a vehicle, enabling smooth and efficient power delivery to the wheels.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 87085085 is 2.5%. The MFN duty rate is the standard tariff that is applied to imports unless a specific trade agreement or special program provides for a lower or duty-free rate.
Quantity Unit:
The quantity unit for HS Code 87085085 is measured in numbers (NO). This indicates that the quantity of half-shafts imported or exported is counted individually.
Special Tariff Preference Programs:
Several special tariff preference programs are applicable to HS Code 87085085. These programs provide duty-free treatment for the import or export of half-shafts based on specific agreements or preferences. The programs applicable to this HS Code include:
1. Generalized System of Preferences (GSP): Under the GSP, eligible developing countries are granted duty-free treatment for certain products, including half-shafts.
2. Australia Special Rate: Australia has a special rate agreement in place that allows for duty-free treatment of half-shafts.
3. Automotive Products Trade Act (APTA): This act provides duty-free treatment for automotive products, including half-shafts, between the United States and certain partner countries.
4. Bahrain Special Rate: Bahrain has a special rate agreement with the United States that grants duty-free treatment for half-shafts.
5. NAFTA for Canada: The North American Free Trade Agreement (NAFTA) provides duty-free treatment for half-shafts imported from Canada.
6. Chile Special Rate: Chile has a special rate agreement with the United States that allows for duty-free treatment of half-shafts.
7. Caribbean Basin Initiative (CBI): The CBI provides duty-free treatment for eligible products, including half-shafts, from Caribbean countries.
8. Israel Special Rate: Israel has a special rate agreement with the United States that grants duty-free treatment for half-shafts.
9. Andean Trade Preference Act (ATPA): The ATPA provides duty-free treatment for certain products, including half-shafts, from eligible Andean countries.
10. Jordan Special Rate: Jordan has a special rate agreement with the United States that allows for duty-free treatment of half-shafts.
11. Morocco Special Rate: Morocco has a special rate agreement with the United States that grants duty-free treatment for half-shafts.
12. NAFTA for Mexico: The NAFTA also provides duty-free treatment for half-shafts imported from Mexico.
13. Oman Special Rate: Oman has a special rate agreement with the United States that allows for duty-free treatment of half-shafts.
14. Dominican Republic-Central American Special Rate (DR-CAFTA): The DR-CAFTA provides duty-free treatment for eligible products, including half-shafts, from the participating countries.
15. Peru Special Rate: Peru has a special rate agreement with the United States that grants duty-free treatment for half-shafts.
16. Singapore Special Rate: Singapore has a special rate agreement with the United States that allows for duty-free treatment of half-shafts.
Importing US States:
The following US states are major importers of HS Code 87085085:
- Alabama
- Michigan
- Arkansas
- Mississippi
- Ohio
- South Carolina
These states have a significant demand for half-shafts as parts and accessories for motor vehicles. The import of half-shafts contributes to the automotive industry's supply chain and supports the manufacturing and maintenance of vehicles within these states.
Exporting US States:
On the other hand, the following US states are major exporters of HS Code 87085085:
- Michigan
- North Carolina
These states have a strong manufacturing base and produce a significant quantity of half-shafts for export to domestic and international markets. The export of half-shafts from these states contributes to the growth and competitiveness of the US automotive industry.
HS Code 87085085 encompasses half-shafts, which are essential components of motor vehicles. The code is associated with a 2.5% bound or MFN duty rate, and various special tariff preference programs are applicable, providing duty-free treatment for half-shafts based on specific agreements. Understanding the details of this HS Code is crucial for importers, exporters, and businesses operating in the automotive industry.
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