When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in categorizing goods and products for import and export. In this article, we will delve into the details of HS Code 87149130, which pertains to parts and accessories for bicycles and motorcycles, specifically frames valued at $600 or less each.
HS Code 87149130 refers to parts and accessories used in the construction and maintenance of bicycles and motorcycles. These can include various components such as frames, handlebars, wheels, pedals, chains, brakes, and more. The code specifically focuses on frames valued at $600 or less each, making it applicable to a wide range of bicycles and motorcycles in the market.
The Bound / MFN (Most Favored Nation) duty rate for HS Code 87149130 is 3.9%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 3.9% for the importation of parts and accessories for bicycles and motorcycles, including frames valued at $600 or less each.
By ensuring that the same duty rate is applied to all trading partners, countries maintain fair and equal treatment in international trade. This principle aims to prevent any discrimination or favoritism towards specific countries or goods.
The quantity unit used for HS Code 87149130 is "number" (NO). This unit signifies that the quantity of parts and accessories for bicycles and motorcycles, particularly frames, is measured in individual units. This allows for easy tracking and calculation of import and export volumes.
HS Code 87149130 is eligible for various special tariff preference programs. These programs offer specific benefits and trade advantages to countries that meet certain criteria. Below are some of the special tariff preference programs applicable to the importation of parts and accessories for bicycles and motorcycles, including frames valued at $600 or less each:
HS Code 87149130 facilitates the import and export of parts and accessories for bicycles and motorcycles, including frames valued at $600 or less each. As such, it is relevant to various states within the United States that engage in international trade. Some of the major importing US states for products falling under this HS Code include California, Texas, New York, Florida, and Illinois.
On the other hand, the exporting US states for these products may vary depending on manufacturing and distribution hubs. States such as California, Ohio, Michigan, Pennsylvania, and Wisconsin may have a significant presence in the exportation of parts and accessories for bicycles and motorcycles, including frames valued at $600 or less each.
HS Code 87149130 plays a crucial role in classifying and regulating the import and export of parts and accessories for bicycles and motorcycles, particularly frames valued at $600 or less each. Understanding the code and its associated details is essential for businesses, importers, exporters, and policymakers involved in the international trade of these products.