About HS Code 870324
This HS code identifies passenger vehicles equipped solely with a spark-ignition (gasoline) internal combustion engine, featuring a substantial cylinder capacity exceeding 3000cc. This category typically includes larger, more powerful vehicles such as full-size SUVs, luxury sedans, sports cars, and performance vehicles. These vehicles are often associated with higher performance, greater passenger/cargo capacity, and premium features. Major importers are affluent markets and countries where larger vehicles are preferred due to road conditions, family size, or cultural preferences. Exporters are primarily luxury and performance automotive brands from established manufacturing nations. Trade considerations include high import duties in some regions, luxury taxes, and stringent emissions regulations for larger engines. This segment caters to a premium market, emphasizing power, comfort, and status.
Products Under This Code
Full-size SUV, Luxury sedan, Sports car, Performance coupe, Large pickup truck (passenger variant), High-performance crossover, Executive sedan
Real World Examples
Ford F-150 (3.5L EcoBoost), Chevrolet Tahoe (5.3L), Mercedes-Benz S-Class (4.0L), BMW X5 (3.0L/4.4L), Porsche 911 (3.0L/4.0L)
Common Misclassification
This code is specifically for spark-ignition engines with a displacement greater than 3000cc, clearly separating it from all other spark-ignition categories (870321, 870322, 870323) based on engine size.
Products Classified Under 8703.24
Industry
This code belongs to the Automotive & Vehicles industry.
Trade Overview
USA, Germany, and Japan are major exporters, with the Middle East, North America, and parts of Asia being key importing regions.
Frequently Asked Questions
What is HS code 870324?
HS code 870324 covers: Vehicles; with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc. This HS code identifies passenger vehicles equipped solely with a spark-ignition (gasoline) internal combustion engine, featuring a substantial cylinder capacity exceeding 3000cc. This category typically includes larger, more powerful vehicles such as full-size SUVs, luxury sedans, sports cars, and performance vehicles. These vehicles are often associated with higher performance, greater passenger/cargo capacity, and premium features. Major importers are affluent markets and countries where larger vehicles are preferred due to road conditions, family size, or cultural preferences. Exporters are primarily luxury and performance automotive brands from established manufacturing nations. Trade considerations include high import duties in some regions, luxury taxes, and stringent emissions regulations for larger engines. This segment caters to a premium market, emphasizing power, comfort, and status.
What products fall under HS code 870324?
Full-size SUV, Luxury sedan, Sports car, Performance coupe, Large pickup truck (passenger variant), High-performance crossover, Executive sedan
What are common misclassifications for HS code 870324?
This code is specifically for spark-ignition engines with a displacement greater than 3000cc, clearly separating it from all other spark-ignition categories (870321, 870322, 870323) based on engine size.
How is HS code 870324 structured?
HS code 870324 is a 6-digit subheading under the Harmonized System. The first 2 digits (87) identify the chapter, digits 3-4 (03) identify the heading, and digits 5-6 (24) specify the subheading. This code is standardized globally by the World Customs Organization.