When it comes to international trade, understanding the Harmonized System (HS) code is essential. The HS code is a standardized classification system used to identify products for import and export purposes. In this article, we will explore the HS code 87149210, which pertains to parts and accessories for bicycles and motorcycles, specifically wheel rims.
The HS code 87149210 is used to categorize products that are essential components of bicycles and motorcycles. Wheel rims play a crucial role in the overall performance and safety of these vehicles. They provide stability and support for the tires, ensuring a smooth and comfortable ride.
Importers and exporters dealing with bicycle and motorcycle parts need to be familiar with this HS code. It allows customs authorities and traders to accurately classify and track these products, ensuring compliance with trade regulations and facilitating international trade.
The bound/Most Favored Nation (MFN) duty rate for products classified under HS code 87149210 is 5%. The MFN duty rate is the baseline tariff applied to imports from all trading partners. It ensures that all countries are treated equally when it comes to trade barriers and market access.
It is important to note that some countries have special tariff preference programs in place for certain products. In the case of HS code 87149210, several countries offer preferential treatment, either by reducing or eliminating import duties. The countries that provide special tariff preference programs for this HS code include:
These countries have implemented special trade agreements or preference programs that provide duty-free treatment or reduced import duties for products classified under HS code 87149210. Importers and exporters should take advantage of these programs to minimize costs and enhance competitiveness in the global market.
When importing goods classified under HS code 87149210 into the United States, it is essential to consider the specific regulations and requirements of individual states. Different states within the US may have additional regulations or restrictions on certain products. Similarly, when exporting from the US, it is important to be aware of the regulations imposed by the destination country.
the HS code 87149210 is used to classify parts and accessories for bicycles and motorcycles, specifically wheel rims. Understanding this code is crucial for importers and exporters in the industry to ensure compliance with trade regulations and take advantage of special tariff preference programs. By leveraging these programs, businesses can enhance their competitiveness and minimize costs in the global market.