The HS Code 87120050 refers to cycles, other than bicycles, including delivery tricycles, that are not motorized. This code is used to classify and regulate the import and export of these specific types of cycles.
When a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The bound/MFN (Most Favored Nation) duty rate for HS Code 87120050 is 3.7%. This means that countries applying this code will have to pay this rate on the import or export of these cycles.
The quantity unit for HS Code 87120050 is number (NO), which indicates that the cycles are measured and counted individually.
There are special tariff preference programs in place for the import and export of cycles under HS Code 87120050. These programs allow certain countries to receive preferential treatment or duty-free status for these goods. The following countries have special tariff rates or duty-free treatment for these cycles:
Importing of cycles under HS Code 87120050 to the United States is prevalent in the state of Utah. This could be due to various factors such as the demand for non-motorized cycles in the state or the presence of businesses or industries related to cycles.
Exporting of cycles under HS Code 87120050 from the United States is not specified in the available data.
Overall, HS Code 87120050 plays a crucial role in regulating the import and export of cycles, other than bicycles, including delivery tricycles, that are not motorized. Understanding the duty rates and special tariff preference programs associated with this code is essential for businesses and individuals involved in the trade of these cycles.