Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 87149315: Pts. & access. for bicycles & o/cycles, 3-speed hubs nesoi

The HS Code 87149315 refers to parts and accessories for bicycles and motorcycles, specifically 3-speed hubs not elsewhere specified. This code is used to classify and categorize these products for trade and customs purposes. Understanding the HS code system is important for businesses involved in international trade, as it helps in identifying the specific products and determining the applicable duties and regulations.

When importing or exporting goods, it is essential to be aware of the bound or MFN (Most Favored Nation) duty rate. This rate indicates the tariff or duty that will be applied to the goods. In the case of HS Code 87149315, the bound or MFN duty rate is free. This means that there are no tariffs or duties imposed on the import or export of these parts and accessories when traded between countries.

Trade barriers and market openness play a significant role in determining the duty rates for goods. When a country lowers a trade barrier or opens up a market, it is obligated to do so for the same goods or services from all its trading partners. This principle of non-discrimination ensures fair and equal treatment for all trading partners.

The quantity unit number (NO) associated with HS Code 87149315 indicates the unit of measurement used for these parts and accessories. Unfortunately, the provided data does not specify the exact unit of measurement. However, it could be pieces, sets, or any other relevant unit depending on the nature of the product.

In addition to the bound or MFN duty rate, HS Code 87149315 is eligible for various special tariff preference programs. These programs offer preferential treatment in terms of duty rates and trade benefits to specific countries or regions. The following special tariff preference programs apply to this HS code:

• Free: Only imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
• Australia Special Rate: Australia offers a special rate for imports of products falling under HS Code 87149315.
• Bahrain Special Rate: Bahrain provides a special rate for imports of goods classified under this HS code.
• NAFTA for Canada: Imports from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Chile offers a special rate for imports of products covered by HS Code 87149315.
• Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries receive duty-free treatment under this program.
• Caribbean Basin Initiative (CBI): Imports from eligible Caribbean countries receive duty-free treatment under this initiative.
• Israel Special Rate: Israel provides a special rate for imports of goods falling under this HS code.
• Andean Trade Preference Act (ATPA): Imports from eligible Andean countries receive duty-free treatment under this program.
• Jordan Special Rate: Jordan offers a special rate for imports of products classified under HS Code 87149315.
• Morocco Special Rate: Morocco provides a special rate for imports of goods falling under this HS code.
• NAFTA for Mexico: Imports from Mexico receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Oman Special Rate: Oman offers a special rate for imports of products covered by HS Code 87149315.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible countries under the DR-CAFTA receive duty-free treatment.
• Peru Special Rate: Peru provides a special rate for imports of goods falling under this HS code.
• Singapore Special Rate: Singapore offers a special rate for imports of products classified under HS Code 87149315.

Overall, HS Code 87149315 represents parts and accessories for bicycles and motorcycles, specifically 3-speed hubs not elsewhere specified. This code is essential for accurately classifying and categorizing these products for international trade. Understanding the applicable duty rates and special tariff preference programs can help businesses make informed decisions and take advantage of trade benefits.