The HS Code 87149650 refers to parts and accessories for bicycles and motorcycles, specifically cotterless-type crank sets and their components. This code is used to classify and identify these products for import and export purposes.
When it comes to trade barriers and market access, countries are often required to lower their barriers or open up their markets for the same goods or services from all their trading partners. This means that the bound or Most Favored Nation (MFN) duty rate for HS Code 87149650 is free, indicating that there are no additional tariffs or duties imposed on imports or exports of these products.
The quantity unit for HS Code 87149650 is kilograms (KG), which signifies that the measurement for these products is based on weight.
There are also special tariff preference programs in place for HS Code 87149650. These programs provide specific rates or exemptions for certain countries. For example:
These special rates or exemptions apply to specific countries and trade agreements. For example, imports from least-developed beneficiary developing countries are eligible for Generalized System of Preferences (GSP) under the subheading, which means they receive duty-free treatment. Other countries, such as Australia, Bahrain, Canada (under NAFTA), Chile, and more, also receive special rates or exemptions.
When importing HS Code 87149650 into the United States, there are no specific state restrictions or requirements mentioned. Similarly, when exporting these products from the United States, there are no restrictions or requirements specified for specific states.
the HS Code 87149650 classifies parts and accessories for bicycles and motorcycles, specifically cotterless-type crank sets and their components. The code indicates that these products are duty-free under most circumstances, but there are also special tariff preference programs in place for certain countries. Understanding the HS code is important for importers, exporters, and policymakers to ensure smooth trade and compliance with international trade regulations.