The HS Code 87149490 refers to a specific category of products, namely parts and accessories for bicycles and motorcycles, specifically brakes and their components not elsewhere specified. This code is used internationally to classify and categorize goods for import and export purposes. Understanding this code is essential for businesses involved in the import and export of these products.
The product description for HS Code 87149490 is "Pts. & access. for bicycles & o/cycles, brakes and parts thereof, nesoi." This description provides a general overview of the products included in this category. It encompasses various parts and accessories related to bicycles and motorcycles, specifically focusing on brakes and their components.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) principle plays a crucial role. According to this principle, every time 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 ensures fair and equal treatment for all trading partners and promotes international trade.
The bound / MFN duty rate for HS Code 87149490 is 10%. This means that when importing or exporting products falling under this code, a duty of 10% will be applicable. It is important for businesses to consider this duty rate when calculating costs and pricing for these products.
The quantity unit for HS Code 87149490 is kilograms (KG). This unit of measurement is used to quantify the weight of the products being imported or exported. It is essential for businesses to accurately measure and report the weight of the goods to comply with customs regulations.
There are also special tariff preference programs applicable to HS Code 87149490. These programs provide certain countries with preferential treatment or reduced duty rates. The following countries have specific tariff preferences for this code:
These special tariff preference programs provide opportunities for businesses to benefit from reduced duties or duty-free treatment when trading these products with the specified countries.
When importing or exporting products falling under HS Code 87149490, it is important to consider the specific regulations and requirements of both the importing and exporting US states. These states may have additional regulations or restrictions that need to be complied with. It is essential for businesses to familiarize themselves with the rules and regulations of the specific states involved in the trade.
Overall, understanding HS Code 87149490 and its associated information is crucial for businesses involved in the import and export of parts and accessories for bicycles and motorcycles, specifically brakes and their components. Complying with the duty rates, utilizing special tariff preference programs, and considering state-specific regulations are all vital aspects of international trade in this product category.