Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 87149305: Pts. & access. for bicycles & o/cycles, aluminum alloy hubs, w/hollow axle and lever-operated quick release mechanism

When it comes to international trade, it is crucial to have a standardized system for classifying goods. The Harmonized System (HS) provides just that, with codes assigned to different products to facilitate trade worldwide. One such code is HS Code 87149305, which pertains to parts and accessories for bicycles and motorcycles. In this article, we will delve into the details of this HS code and explore its implications for trade.

Product Description:

• HS Code: 87149305
• Product: Parts and accessories for bicycles and motorcycles
• Specific Description: Aluminum alloy hubs with a hollow axle and lever-operated quick release mechanism

Bound / MFN Duty Rate:

The bound / MFN (Most Favored Nation) duty rate refers to the rate of duty that a country applies to imports from its trading partners. In the case of HS Code 87149305, the bound / MFN duty rate is free. This means that no duty is imposed on imports of this specific product, promoting smoother trade and encouraging international cooperation.

Quantity Unit:

The quantity unit for HS Code 87149305 is the number (NO), which indicates that the measurement is in terms of the number of units imported or exported.

Special Tariff Preference Programs:

Certain countries have established special tariff preference programs that offer favorable treatment for imports of specific goods. In the case of HS Code 87149305, the following special tariff preference programs apply:

• A+: Only imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
• AU: Australia Special Rate (duty-free treatment)
• BH: Bahrain Special Rate (duty-free treatment)
• CA: NAFTA (North American Free Trade Agreement) for Canada (duty-free treatment)
• CL: Chile Special Rate (duty-free treatment)
• D: Africa Growth and Opportunity Act (AGOA) (duty-free treatment)
• E: Caribbean Basin Initiative (CBI) (duty-free treatment)
• IL: Israel Special Rate (duty-free treatment)
• J: Andean Trade Preference Act (ATPA) (duty-free treatment)
• JO: Jordan Special Rate (duty-free treatment)
• MA: Morocco Special Rate (duty-free treatment)
• MX: NAFTA for Mexico (duty-free treatment)
• OM: Oman Special Rate (duty-free treatment)
• P: Dominican Republic-Central American Special Rate (DR-CAFTA) (duty-free treatment)
• PE: Peru Special Rate (duty-free treatment)
• SG: Singapore Special Rate (duty-free treatment)

Importing US States:

HS Code 87149305 applies to imports into the United States from any state within the country.

Exporting US States:

HS Code 87149305 applies to exports from the United States to any state or country in the world.

HS Code 87149305 plays a significant role in facilitating international trade for parts and accessories of bicycles and motorcycles. Its duty-free status and eligibility for various special tariff preference programs make it an attractive product for importers and exporters alike. Understanding and adhering to the regulations associated with this HS code is crucial for businesses operating in the bicycle and motorcycle industry.