When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and classifying products. In this article, we will delve into the details of HS Code 87149335, focusing on the product description, duty rates, quantity units, and special tariff preference programs associated with it.
The HS Code 87149335 represents parts and accessories for bicycles and motorcycles, specifically non-variable speed hubs. These are components used in the transmission system of bicycles and motorcycles that do not have variable speed settings.
Non-variable speed hubs are designed to provide a fixed gear ratio, allowing for a simpler and more reliable transmission mechanism. These hubs are commonly used in bicycles and motorcycles that do not require multiple gear options.
The bound or most-favored-nation (MFN) duty rate for HS Code 87149335 is 10%. The MFN duty rate is applicable each time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of import duties.
It is important to note that duty rates can vary depending on the country and specific trade agreements in place. The MFN duty rate of 10% serves as a general guideline, but countries may offer preferential rates for certain trading partners.
The quantity unit for HS Code 87149335 is "number" (NO). This unit signifies that the products imported or exported under this HS Code are measured and counted individually, rather than by weight or volume.
Using the "number" quantity unit allows for accurate tracking and documentation of the parts and accessories for bicycles and motorcycles being traded.
Several special tariff preference programs exist for imports and exports related to HS Code 87149335. These programs offer reduced or duty-free treatment for specific trading partners. Here are some of the notable programs:
These special tariff preference programs provide various benefits for specific countries or regions. For example, imports from least-developed beneficiary developing countries may be eligible for duty-free treatment under certain subheadings. Other programs, such as the North American Free Trade Agreement (NAFTA), offer duty-free treatment for specific countries like Canada and Mexico.
It's important for importers and exporters to be aware of these programs and take advantage of the reduced or duty-free rates available to them, as it can significantly impact the cost of trade.
HS Code 87149335 applies to both importing and exporting activities in the United States. This means that the code is used to identify and classify parts and accessories for bicycles and motorcycles entering or leaving the country.
Importing US states and exporting US states can vary depending on the specific trade transactions and supply chains. However, HS Code 87149335 is applicable across all states in the United States.
Understanding the HS Code and its associated details, such as product description, duty rates, quantity units, and special tariff preference programs, is essential for businesses engaged in international trade. Compliance with the correct HS Code ensures accurate classification and proper treatment of goods, enabling smooth cross-border transactions.
HS Code 87149335 represents parts and accessories for bicycles and motorcycles with non-variable speed hubs. It carries a 10% MFN duty rate, with special tariff preference programs available for certain trading partners. Importers and exporters should be aware of these programs and utilize the appropriate HS Code for their trade activities.