HS Code 87112000: Motorcycles and Cycles Fitted with Recip. Internal-Combustion Piston Engine
Motorcycles and cycles are popular modes of transportation and recreational vehicles that are widely used around the world. The HS Code 87112000 specifically refers to motorcycles and cycles fitted with a reciprocating internal-combustion piston engine with a capacity exceeding 50 cc but not exceeding 250 cc. This code helps in classifying and identifying these vehicles for import and export purposes.
The HS Code 87112000 plays a crucial role in international trade as it allows customs authorities to accurately categorize and track the movement of motorcycles and cycles with specific engine capacities. This code helps in ensuring the correct tariffs and duties are applied, facilitating fair and transparent trade between nations.
Importing countries, including the United States, utilize the HS Code 87112000 to regulate the importation of motorcycles and cycles. The Bound / MFN (Most Favored Nation) duty rate associated with this code is free. This means that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners.
In addition to the duty rate, there are special tariff preference programs associated with the HS Code 87112000. These programs provide preferential treatment to certain countries, allowing them to import motorcycles and cycles at a reduced or duty-free rate. Some of the countries eligible for these special rates include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and others.
For example, under the Generalized System of Preferences (GSP), motorcycles and cycles falling under HS Code 87112000 receive duty-free treatment. Similarly, countries like Australia, Bahrain, and Chile have their own special rates for importing these vehicles. The Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and Dominican Republic-Central American Special Rate (DR-CAFTA) also offer preferential treatment for certain countries.
When it comes to the United States, the state of Utah is a significant importer of motorcycles and cycles falling under HS Code 87112000. The quantity unit for these vehicles is measured in numbers (NO). This means that the quantity of motorcycles and cycles imported or exported is counted individually.
On the other hand, the state of Missouri and Pennsylvania are notable exporters of motorcycles and cycles falling under this HS Code. These states contribute to the global trade of motorcycles and cycles, providing opportunities for economic growth and international cooperation.
the HS Code 87112000 plays a vital role in the classification, import, and export of motorcycles and cycles fitted with a reciprocating internal-combustion piston engine with a capacity exceeding 50 cc but not exceeding 250 cc. It helps in regulating trade, applying appropriate tariffs and duties, and providing preferential treatment to eligible countries. The accurate use of this HS code ensures efficient and transparent international trade in motorcycles and cycles.
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