Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 87149120: Parts and Accessories for Bicycles and Motorcycles, Valued over $600 Each

When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code is a globally recognized system that allows for uniformity in the classification of products. In this article, we will delve into HS Code 87149120, which pertains to parts and accessories for bicycles and motorcycles, valued over $600 each.

Product Description:

• HS Code: 87149120
• Description: Parts and accessories for bicycles and motorcycles, valued over $600 each

Bound / MFN Duty Rate:

• Duty Rate: 3.9%
• Explanation: The bound / MFN duty rate signifies that every time 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.

Quantity Unit:

• Unit: Number (NO)
• Explanation: The quantity unit for HS Code 87149120 is expressed in numbers, indicating the count of parts and accessories being imported or exported.

Special Tariff Preference Programs:

• Free Trade with: Australia, Austria, Bahrain, Canada, Chile, Estonia, Israel, Japan, Jordan, Morocco, Mexico, Oman, Panama, Peru, Singapore
• Details: HS Code 87149120 is eligible for duty-free treatment under various special tariff preference programs, such as the Generalized System of Preferences (GSP), Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate.

Importing US States:

• The HS Code 87149120 allows for the import of parts and accessories for bicycles and motorcycles, valued over $600 each, in all states of the United States.

Exporting US States:

• The HS Code 87149120 enables the export of parts and accessories for bicycles and motorcycles, valued over $600 each, from all states of the United States.

Conclusion:

HS Code 87149120 plays a crucial role in international trade by providing a standardized classification for parts and accessories for bicycles and motorcycles, valued over $600 each. It allows for the identification and tracking of these goods, ensuring transparency and efficiency in global commerce. With the various special tariff preference programs in place, importers and exporters can benefit from duty-free treatment when trading under HS Code 87149120. Understanding the details and implications of this HS Code is essential for businesses involved in the import and export of bicycle and motorcycle components.