The HS Code 87089906 refers to parts and accessories of tractors suitable for agricultural use, specifically double flanged wheel hub units with ball bearings. This code is used to classify and identify these specific products for international trade purposes.
When importing or exporting goods, it is important to know the HS code as it helps determine the applicable customs duties, taxes, and regulations. The HS code is recognized worldwide and is used by customs authorities to streamline the classification and tracking of goods.
The product description for HS Code 87089906 includes double flanged wheel hub units with ball bearings for tractors used in agricultural applications. These components play a crucial role in the smooth functioning of tractors, ensuring efficient movement and stability on various terrains.
One key aspect to consider is the bound or Most Favored Nation (MFN) duty rate. The MFN duty rate is the default tariff applied to imports from all trading partners unless special tariff preference programs are in place. In this case, HS Code 87089906 has a free MFN duty rate, which means there are no duties imposed on imports of these products.
Additionally, there are several special tariff preference programs that offer duty-free treatment for imports of HS Code 87089906. These programs include A+, AU, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, PE, and SG. Each program has specific eligibility criteria, such as being imports from least-developed beneficiary developing countries or being part of regional trade agreements like NAFTA or AGOA.
When it comes to importing HS Code 87089906 into the United States, the data shows that the following states are actively involved: Utah, Alabama, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, and West Virginia. These states likely have a significant demand for tractors and their associated parts and accessories for agricultural purposes.
On the other hand, the exporting states for HS Code 87089906 include Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Ohio, Rhode Island, South Carolina, Tennessee, Virginia, and Wisconsin. These states are likely home to manufacturers or distributors of tractors and related components.
HS Code 87089906 represents parts and accessories of tractors suitable for agricultural use, specifically double flanged wheel hub units with ball bearings. Understanding the HS code is crucial for importers and exporters, as it helps determine applicable duties, taxes, and regulations. The free MFN duty rate and various special tariff preference programs make importing these products more favorable, particularly for eligible countries. The data also highlights the states involved in the import and export of these products, indicating their significance in the agricultural industry.