When it comes to the world of bicycles and motorcycles, there are numerous parts and accessories that play a crucial role in enhancing their performance and functionality. One such component is the 2-speed hub with internal gear changing mechanisms. This article will provide an extensive overview of HS Code 87149324, which specifically covers these parts and accessories.
The HS Code 87149324 refers to "Pts. & access. for bicycles & o/cycles, 2-speed hubs, w/internal gear changing mechanisms, nesoi." This code helps in identifying and classifying these specific parts and accessories for import and export purposes.
It is important to note that the bound or most favored nation (MFN) duty rate for this HS code is free. This means that whenever 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. This promotes fair and equal trade opportunities for all.
The quantity unit for this HS code is measured in numbers (NO). This unit helps in accurately calculating and documenting the quantities of these parts and accessories being imported or exported.
In addition to the duty rate, there are also special tariff preference programs associated with HS Code 87149324. These programs offer specific benefits and preferences to certain countries. Some of these programs include:
These special tariff preference programs provide various benefits such as duty-free treatment or special rates for imports from specific countries. It is important for importers and exporters to be aware of these programs to take advantage of the benefits they offer.
Importing and exporting of products under HS Code 87149324 occur between different US states and countries. The specific states involved in importing these parts and accessories may vary, but some common exporting US states include:
These states have a significant presence in the bicycle and motorcycle industry, making them key exporters of various parts and accessories.
HS Code 87149324 encompasses parts and accessories for bicycles and motorcycles, specifically 2-speed hubs with internal gear changing mechanisms. This code helps in identifying and classifying these components for import and export purposes. Understanding the duty rates and special tariff preference programs associated with this HS code is crucial for importers and exporters to ensure compliance and take advantage of any available benefits. Additionally, being aware of the importing and exporting US states involved in the trade of these parts can provide valuable insights for businesses operating in this industry.