The HS Code 87149500 refers to parts and accessories for bicycles and motorcycles, specifically saddles. This code is used to classify these products for import and export purposes. Understanding the HS code system is essential for international trade as it helps to standardize the classification of goods across countries.
When importing or exporting products, it is important to be aware of the bound or MFN (Most Favored Nation) duty rate. In the case of HS Code 87149500, the bound duty rate is 8%. This means that 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.
The quantity unit for HS Code 87149500 is number (NO), indicating that the products are counted individually rather than in bulk or weight.
There are also special tariff preference programs associated with HS Code 87149500. These programs allow for preferential treatment or duty-free access to certain countries. The countries included in these programs are:
These countries have special rates or exemptions for importing products classified under HS Code 87149500. For example, imports from least-developed beneficiary developing countries are eligible for duty-free treatment under the Generalized System of Preferences (GSP) subheading. Similarly, the NAFTA agreement provides duty-free treatment for imports from Canada and Mexico.
When it comes to importing HS Code 87149500 products, it is important to consider the exporting US states. The specific states involved in the export of these products may vary, but common exporting states for bicycles and motorcycle parts include California, Texas, Florida, and New York.
HS Code 87149500 represents parts and accessories for bicycles and motorcycles, specifically saddles. Understanding this code is crucial for international trade, as it helps classify and regulate these products. Additionally, being aware of the bound duty rate and special tariff preference programs can aid importers and exporters in determining the costs and benefits associated with trading these goods.